For saleSingle family
$344,900
614 Sparkman Ave
Duluth MN 55803
3 beds, 2 baths, 1,987 sqft
614 Sparkman Ave is a 3 beds, 2 baths, 1,987 sqft single family home for sale at $344,900 in Duluth MN 55803. At 20% down it rents for an estimated $2,175/mo and returns -$287/mo a month at a 5.7% 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
- $2,175/mo
- Monthly cash flow
- -$287/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -5.0%
- Max offer
- $257,000
Offer ≤ $257,000 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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