628 W 3rd StDuluthMN55806
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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 Duluth at 628 W 3rd St, Duluth, MN, 55806 generates $1,770/mo in rent and, after a $920/mo payment, leaves $596/mo in cash flow. Total monthly income is $1,770/mo, and annual cash flow is $7,156/yr on $62,289 invested. Return on cash invested sits at 31.4% in year one, and rental yield is 11.3% on a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 164.56% and total cumulative return in cash sums $102,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,770/mo property income rather than buyer’s personal income.
Condo
Built in 1895
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55806, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,097 (100%) |
| Owner Occupied HU | 1,820 (35.7%) |
| Renter Occupied HU | 2,756 (54.1%) |
| Vacant Housing Units | 521 (10.2%) |
| Median Home Value | $223,109 |
| Average Home Value | $300,330 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
3,453
Multi-Family
1,108
Businesses
260
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