990 87th Ave WDuluthMN55808
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 990 87th Ave W, Duluth, MN, 55808 in Duluth speaks for itself: 11.57% gross on a $211,000 price, generating $2,035/mo in rent and $702/mo in net income after the $949/mo debt service. DSCR 2.14, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,430 stacks alongside $58,295 in projected five-year appreciation and $1,943/yr in principal reduction. Projected total cumulative return: $125,351.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.6% |
| Monthly Cash Flow | $702 | $650 |
City averages based on Duluth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,035 |
| Total Monthly Debt Service | $1,249 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1913
5,662 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
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
Single Family
Built in 1913
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Nooyen • Adolphson Real Estate - Cloquet
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119754
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.