605 3rd AveDuluthMN55810
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 Duluth at 605 3rd Ave, Duluth, MN, 55810 uses $66,267 cash to close to unlock $4,178/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $978/mo payment keeps the spread at $348/mo. Purchase price stands at $199,900, and rental yield measures 9.58% with $1,596/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 136.79% and total cumulative return in cash records $90,649. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,791 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: Deena Shykes • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118367
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.