603 N Ugstad RdProctorMN55810
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
Investment Highlights
Rental property for sale in Proctor at 603 N Ugstad Rd, Proctor, MN, 55810 priced at $388,000 converts $2,160/mo rent into after a $1,899/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 17.46% in year one, and rental yield reads 6.68% against a $388,000 entry. Equity gained on principal adds $2,504/yr, while 5% annual appreciation compiles into $107,197 by year five. Five-year ROI reaches 89.8% and total cumulative return in cash sums $115,504. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,899/mo payment, not borrower’s personal income.
Single Family
Built in 1980
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
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Nearby investment properties with comparable prices
Listed by: RaeLea Johnson • Olafson-Genereau Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119890
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.