For saleSingle family
$180,000
521 Sparkman Ave
Duluth MN 55803
3 beds, 1 bath, 1,157 sqft
521 Sparkman Ave is a 3 beds, 1 bath, 1,157 sqft single family home for sale at $180,000 in Duluth MN 55803. At 20% down it rents for an estimated $2,175/mo and returns $890/mo a month at a 12.6% 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
- $890/mo
- Cap rate
- 12.6%
- Cash-on-cash
- 29.7%
- Max offer
- $180,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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