For saleSingle family
$223,000
2424 W 7th St
Duluth MN 55806
3 beds, 2 baths, 1,448 sqft
2424 W 7th St is a 3 beds, 2 baths, 1,448 sqft single family home for sale at $223,000 in Duluth MN 55806. At 20% down it rents for an estimated $1,800/mo and returns $236/mo a month at a 7.8% 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
- $1,800/mo
- Monthly cash flow
- $236/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.3%
- Max offer
- $215,500
Offer ≤ $215,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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