For saleMulti-family

$399,900

1415 E 4th St

Duluth MN 55805

6 beds, 2 baths, 2,563 sqft

1415 E 4th St is a 6 beds, 2 baths, 2,563 sqft multi-family home for sale at $399,900 in Duluth MN 55805. At 20% down it rents for an estimated $3,500/mo and returns $695/mo a month at a 8.6% 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
$3,500/mo
Monthly cash flow
$695/mo
Cap rate
8.6%
Cash-on-cash
10.4%
Max offer
$399,900

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

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