For saleSingle family
$340,000
502 Park St
Duluth MN 55803
5 beds, 2 baths, 1,766 sqft
502 Park St is a 5 beds, 2 baths, 1,766 sqft single family home for sale at $340,000 in Duluth MN 55803. At 20% down it rents for an estimated $2,500/mo and returns $115/mo a month at a 6.9% 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
- $115/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.0%
- Max offer
- $299,500
Offer ≤ $299,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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