5796 Highway 194HermantownMN55811
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hermantown at 5796 Highway 194, Hermantown, MN, 55811 generates $3,840/mo in rent and, after a $2,691/mo payment, leaves $407/mo in cash flow. Total monthly income is $3,840/mo, and annual cash flow is $4,880/yr on $180,917 invested. Return on cash invested sits at 22.76% in year one, and rental yield is 8.38% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 118.15% and total cumulative return in cash sums $213,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,840/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55811, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,344 (100%) |
| Owner Occupied HU | 7,647 (61.9%) |
| Renter Occupied HU | 3,951 (32.0%) |
| Vacant Housing Units | 746 ( 6.0%) |
| Median Home Value | $355,063 |
| Average Home Value | $393,087 |
Housing Distribution
Address Breakdown
Residential
11,971
Single Family
9,450
Multi-Family
2,521
Businesses
997
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Listed by: Julie Sathers • JS Realty
Mls Name: Lake Superior Area Realtors
Mls ID: #6121958