For saleMulti-family

$219,500

303 W 4th St

Duluth MN 55806

4 beds, 2 baths, 1,710 sqft

303 W 4th St is a 4 beds, 2 baths, 1,710 sqft multi-family home for sale at $219,500 in Duluth MN 55806. At 20% down it rents for an estimated $2,500/mo and returns $961/mo a month at a 11.8% 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
$2,500/mo
Monthly cash flow
$961/mo
Cap rate
11.8%
Cash-on-cash
26.3%
Max offer
$219,500

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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