605 2nd StProctorMN55810
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
Investment property for sale in Proctor at 605 2nd St, Proctor, MN, 55810 at $195,000 posts ROI 25.64% with $309/mo cash flow from $1,526/mo rent. Total monthly income equals $1,526/mo, and annual cash flow records $3,705/yr on $64,643 to close. Return on cash invested measures 25.64% and rental yield reads 9.39% at the current $195,000. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 by year five. Five-year ROI prints 133.66% and total cumulative return in cash totals $86,398.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,526/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
3,049 sqft 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: Valarie Lake • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118642
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.