609 N 34th Ave EDuluthMN55804
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 609 N 34th Ave E, Duluth, MN, 55804 in Duluth. At $350,000 it earns $2,809/mo in rent and distributes $624/mo to the owner after the $1,574/mo payment, a consistent 9.63% yield. DSCR 1.78 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $96,699 in value; $3,224/yr in principal paydown compounds ownership stake. Total projected return: $172,915.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.6% |
| Monthly Cash Flow | $624 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,809 |
| Total Monthly Debt Service | $2,046 |
| DSCR Ratio | 1.37x |
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 1953
7,405 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 1953
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roberta Rippberger • North Point Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119870
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.