For saleSingle family
$1,599,000
1700 Minnesota Ave
Duluth MN 55802
3 beds, 2.5 baths, 4,392 sqft
1700 Minnesota Ave is a 3 beds, 2.5 baths, 4,392 sqft single family home for sale at $1,599,000 in Duluth MN 55802. At 20% down it rents for an estimated $1,675/mo and returns -$9,740/mo a month at a -0.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,675/mo
- Monthly cash flow
- -$9,740/mo
- Cap rate
- -0.6%
- Cash-on-cash
- -36.5%
- Max offer
- $203,000
Offer ≤ $203,000 (87% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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