For saleMulti-family
$219,900
409 N 51st Ave W
Duluth MN 55807
4 beds, 2 baths, 1,822 sqft
409 N 51st Ave W is a 4 beds, 2 baths, 1,822 sqft multi-family home for sale at $219,900 in Duluth MN 55807. At 20% down it rents for an estimated $2,450/mo and returns $880/mo a month at a 11.5% 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
- $2,450/mo
- Monthly cash flow
- $880/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.0%
- Max offer
- $219,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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