724 N 59th Ave WDuluthMN55807
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 724 N 59th Ave W, Duluth, MN, 55807 in Duluth. At $234,900 it earns $1,740/mo in rent and distributes $273/mo to the owner after the $1,056/mo payment, a consistent 8.89% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $64,899 in value; $2,163/yr in principal paydown compounds ownership stake. Total projected return: $106,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.6% |
| Monthly Cash Flow | $273 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $1,373 |
| DSCR Ratio | 1.27x |
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 1917
4,356 sqft 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 1917
4,356 sqft 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