For saleSingle family
$379,900
2502 Moorhead Rd
Cloquet MN 55720
3 beds, 1 bath, 1,300 sqft
2502 Moorhead Rd is a 3 beds, 1 bath, 1,300 sqft single family home for sale at $379,900 in Cloquet MN 55720. At 20% down it rents for an estimated $1,225/mo and returns -$1,487/mo a month at a 2.0% 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
- $1,225/mo
- Monthly cash flow
- -$1,487/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.5%
- Max offer
- $146,000
Offer ≤ $146,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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