For saleSingle family
$215,000
506 Sparkman Ave
Duluth MN 55803
2 beds, 1 bath, 829 sqft
506 Sparkman Ave is a 2 beds, 1 bath, 829 sqft single family home for sale at $215,000 in Duluth MN 55803. At 20% down it rents for an estimated $1,925/mo and returns $390/mo a month at a 8.8% 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
- $1,925/mo
- Monthly cash flow
- $390/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.9%
- Max offer
- $215,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading