For saleCondo
$65,000
978 87th Ave W
Duluth MN 55808
2 beds, 1 bath, 896 sqft
978 87th Ave W is a 2 beds, 1 bath, 896 sqft condo home for sale at $65,000 in Duluth MN 55808. At 20% down it rents for an estimated $1,175/mo and returns $211/mo a month at a 10.6% 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
- $1,175/mo
- Monthly cash flow
- $211/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.5%
- Max offer
- $65,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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