For saleSingle family
$200,000
2602 W 3rd St
Duluth MN 55806
2 beds, 1 bath, 1,200 sqft
2602 W 3rd St is a 2 beds, 1 bath, 1,200 sqft single family home for sale at $200,000 in Duluth MN 55806. At 20% down it rents for an estimated $1,575/mo and returns $172/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
- $1,575/mo
- Monthly cash flow
- $172/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 5.2%
- Max offer
- $188,500
Offer ≤ $188,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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