8602 Maynard PlDuluthMN55807
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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 8602 Maynard Pl, Duluth, MN, 55807 priced at $797,900 pairs $1,740/mo rent with after a $3,905/mo payment. Total monthly income equals $1,740/mo. Return on cash invested is 5.24% in year one, and rental yield stands at 2.62% on a $797,900 basis. Equity gained on principal adds $5,149/yr, and 5% annual appreciation accumulates to $220,445 by year five. Five-year ROI measures 24.21% and total cumulative return in cash reaches $63,560. For financing, Ziffy Mortgage’s DSCR program evaluates $1,740/mo property income against a $3,905/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
5,662 sqft lot
$N/A/sqft
No 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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