814 Summit StEvelethMN55734
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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 Eveleth at 814 Summit St, Eveleth, MN, 55734 priced at $155,900 pairs $1,877/mo rent with $904/mo cash flow after a $763/mo payment. Total monthly income equals $1,877/mo, and annual cash flow comes to $10,842/yr on $51,681 invested. Return on cash invested is 40.89% in year one, and rental yield stands at 14.45% on a $155,900 basis. Equity gained on principal adds $1,006/yr, and 5% annual appreciation accumulates to $43,072 by year five. Five-year ROI measures 215.47% and total cumulative return in cash reaches $111,358. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $763/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55734, Eveleth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,304 (100%) |
| Owner Occupied HU | 2,114 (64.0%) |
| Renter Occupied HU | 628 (19.0%) |
| Vacant Housing Units | 562 (17.0%) |
| Median Home Value | $261,885 |
| Average Home Value | $293,444 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,630
Multi-Family
276
Businesses
146
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