For saleSingle family
$209,900
24 16th St
Cloquet MN 55720
2 beds, 1 bath, 1,068 sqft
24 16th St is a 2 beds, 1 bath, 1,068 sqft single family home for sale at $209,900 in Cloquet MN 55720. At 20% down it rents for an estimated $1,650/mo and returns $152/mo a month at a 7.5% 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
- $1,650/mo
- Monthly cash flow
- $152/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $194,500
Offer ≤ $194,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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