For saleCondo
$246,160
902 Madison Ave Unit 902
Duluth MN 55811
3 beds, 1.5 baths, 1,248 sqft
902 Madison Ave Unit 902 is a 3 beds, 1.5 baths, 1,248 sqft condo home for sale at $246,160 in Duluth MN 55811. At 20% down it rents for an estimated $2,250/mo and returns $135/mo a month at a 7.3% 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
- $2,250/mo
- Monthly cash flow
- $135/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $222,000
Offer ≤ $222,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading