803 Almac DrProctorMN55810
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 803 Almac Dr, Proctor, MN, 55810 offers $3,234/mo rent that, after a $2,017/mo payment, leaves $603/mo cash flow. Total monthly income is $3,234/mo, and annual cash flow is $7,233/yr on $136,578 cash. Return on cash invested measures 25.21% in year one, and rental yield stands at 9.42% at a $412,000 entry. Equity gained on principal adds $2,659/yr while 5% annual appreciation compounds into $113,828 by year five. Five-year ROI records 131.5% and total cumulative return in cash reaches $179,595. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,234/mo property income versus a $2,017/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
8,712 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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Nearby investment properties with comparable prices
Listed by: Nicki Conrad • Messina & Associates Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119915
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.