6029 London RdDuluthMN55804
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 6029 London Rd, Duluth, MN, 55804 in Duluth worth modelling. At $470,000 with a 7.82% gross yield, the $3,061/mo rent leaves $126/mo after the $2,113/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.45 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $129,852 by year five; $4,329/yr in principal reduction adds further equity. Total projected return: $186,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 5.6% |
| Monthly Cash Flow | $126 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,061 |
| Total Monthly Debt Service | $2,748 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1909
8,276 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1909
8,276 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Kalligher • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119298
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 23:12:28 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)