603 N Ugstad RdProctorMN55810
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 603 N Ugstad Rd, Proctor, MN, 55810 in Proctor aligned with their strategy. Rental yield 6.68%. DSCR 1.24 and 6.68% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,574/yr in paydown build toward a projected cumulative return of $130,337.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 7.2% |
| Monthly Cash Flow | $(263) | $350 |
City averages based on Proctor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $2,268 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 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
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 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
Nearby investment properties with comparable rents
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.