8 4th StProctorMN55810
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
Investment Highlights
Rental property for sale in Proctor at 8 4th St, Proctor, MN, 55810 priced at $183,700 converts $2,570/mo rent into $1,423/mo cash flow after a $899/mo obligation. Total monthly income equals $2,570/mo, and annual cash flow totals $17,076/yr on $60,897 invested. Return on cash invested prints 47.95% in year one, and rental yield reads 16.79% against a $183,700 entry. Equity gained on principal adds $1,185/yr, while 5% annual appreciation compiles into $50,753 by year five. Five-year ROI reaches 253.36% and total cumulative return in cash sums $154,286. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,570/mo property income covering a $899/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55810, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,952 (100%) |
| Owner Occupied HU | 3,299 (83.5%) |
| Renter Occupied HU | 471 (11.9%) |
| Vacant Housing Units | 182 ( 4.6%) |
| Median Home Value | $323,129 |
| Average Home Value | $333,484 |
Housing Distribution
Address Breakdown
Residential
3,790
Single Family
3,551
Multi-Family
239
Businesses
190
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