For saleSingle family
$849,900
2207 Heather Ave
Duluth MN 55803
4 beds, 3.5 baths, 2,848 sqft
2207 Heather Ave is a 4 beds, 3.5 baths, 2,848 sqft single family home for sale at $849,900 in Duluth MN 55803. At 20% down it rents for an estimated $2,475/mo and returns -$3,592/mo a month at a 1.6% 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
- $2,475/mo
- Monthly cash flow
- -$3,592/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.4%
- Max offer
- $295,500
Offer ≤ $295,500 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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