8024 E Spirit Cove DrDuluthMN55807
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 Duluth at 8024 E Spirit Cove Dr, Duluth, MN, 55807 generates $1,500/mo in rent, after a $3,186/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 4.04% in year one, and rental yield is 2.77% on a $650,900 entry. Equity gained on principal adds $4,200/yr, while 5% annual appreciation builds toward $179,832 over five years. Five-year ROI reaches 18.4% and total cumulative return in cash sums $39,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Condo
Built in 1996
6,098 sqft lot
$N/A/sqft
$880 quarterly 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
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Nearby investment properties with comparable prices
Listed by: Tom Little • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115726
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.