709 29th St, Cloquet, MN, 55720 | 6.34% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cloquet at 709 29th St, Cloquet, MN, 55720 offers a 6.34% rental yield on a $227,000 purchase with $1,200/mo rent. 44% in year one. Equity gained on principal adds $1,465/yr while 5% annual appreciation supports $62,716 over five years. Portfolio math shows five-year ROI at 84.33% and total cumulative return in cash at $63,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

0.27 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55720, Cloquet, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,398 (100%)
Owner Occupied HU	5,008 (67.7%)
Renter Occupied HU	1,902 (25.7%)
Vacant Housing Units	488 ( 6.6%)
Median Home Value	$240,643
Average Home Value	$286,656