For saleMulti-family
$359,900
1511 E 4th St
Duluth MN 55812
6 beds, 1 bath, 4,244 sqft
1511 E 4th St is a 6 beds, 1 bath, 4,244 sqft multi-family home for sale at $359,900 in Duluth MN 55812. At 20% down it rents for an estimated $3,950/mo and returns $1,426/mo a month at a 11.3% 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
- $3,950/mo
- Monthly cash flow
- $1,426/mo
- Cap rate
- 11.3%
- Cash-on-cash
- 23.8%
- Max offer
- $359,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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