For saleMulti-family
$235,000
2502 W 3rd St
Duluth MN 55806
5 beds, 2 baths, 2,920 sqft
2502 W 3rd St is a 5 beds, 2 baths, 2,920 sqft multi-family home for sale at $235,000 in Duluth MN 55806. At 20% down it rents for an estimated $2,350/mo and returns $702/mo a month at a 10.1% 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
- $2,350/mo
- Monthly cash flow
- $702/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.9%
- Max offer
- $235,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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