6417 Cody StDuluthMN55807
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6417 Cody St, Duluth, MN, 55807 in Duluth is a solid income-producing rental, 9.41% gross yield, $2,077/mo rent, $422/mo net cash flow on a $265,000 buy. DSCR 1.74 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $73,215 and $2,441/yr in principal reduction project a total cumulative return of $127,735.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.6% |
| Monthly Cash Flow | $422 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,077 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.34x |
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 1910
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55807, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 2,737 (60.5%) |
| Renter Occupied HU | 1,518 (33.6%) |
| Vacant Housing Units | 268 ( 5.9%) |
| Median Home Value | $186,574 |
| Average Home Value | $250,443 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,025
Multi-Family
484
Businesses
362
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 1910
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55807, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,523 (100%) |
| Owner Occupied HU | 2,737 (60.5%) |
| Renter Occupied HU | 1,518 (33.6%) |
| Vacant Housing Units | 268 ( 5.9%) |
| Median Home Value | $186,574 |
| Average Home Value | $250,443 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,025
Multi-Family
484
Businesses
362
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Cooke • Hillman Realty & Appraisal
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118101
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.