950 88th Ave WDuluthMN55808
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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 950 88th Ave W, Duluth, MN, 55808 generates $1,484/mo in rent and, after a $822/mo payment, leaves $427/mo in cash flow. Total monthly income is $1,484/mo, and annual cash flow is $5,122/yr on $55,692 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 10.6% on a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 152.3% and total cumulative return in cash sums $84,821. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,484/mo property income rather than buyer’s personal income.
Townhouse
Built in 1913
435 sqft 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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