811 88th Ave WDuluthMN55808
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 811 88th Ave W, Duluth, MN, 55808 generates $2,258/mo in rent and, after a $1,390/mo payment, leaves $485/mo in cash flow. Total monthly income is $2,258/mo, and annual cash flow is $5,815/yr on $94,146 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.54% on a $284,000 entry. Equity gained on principal adds $1,833/yr, while 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 136.04% and total cumulative return in cash sums $128,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55808, Duluth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,746 (100%) |
| Owner Occupied HU | 1,756 (63.9%) |
| Renter Occupied HU | 799 (29.1%) |
| Vacant Housing Units | 191 ( 7.0%) |
| Median Home Value | $180,469 |
| Average Home Value | $206,226 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,426
Multi-Family
240
Businesses
61
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Nearby investment properties with comparable prices
Listed by: Jamie Jazdzewski • Think Minnesota Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117004
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.