For saleSingle family
$514,900
129 Gleason Rd
Duluth MN 55810
5 beds, 2 baths, 2,969 sqft
129 Gleason Rd is a 5 beds, 2 baths, 2,969 sqft single family home for sale at $514,900 in Duluth MN 55810. At 20% down it rents for an estimated $2,050/mo and returns -$1,626/mo a month at a 2.9% 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
- $2,050/mo
- Monthly cash flow
- -$1,626/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.9%
- Max offer
- $243,500
Offer ≤ $243,500 (53% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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