For saleSingle family
$234,500
507 N 56th Ave W
Duluth MN 55807
5 beds, 2 baths, 1,600 sqft
507 N 56th Ave W is a 5 beds, 2 baths, 1,600 sqft single family home for sale at $234,500 in Duluth MN 55807. At 20% down it rents for an estimated $2,225/mo and returns $580/mo a month at a 9.5% 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
- $2,225/mo
- Monthly cash flow
- $580/mo
- Cap rate
- 9.5%
- Cash-on-cash
- 14.8%
- Max offer
- $234,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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