For saleMulti-family

$449,900

1015 W 4th St

Duluth MN 55806

7 beds, 4 baths, 2,254 sqft

1015 W 4th St is a 7 beds, 4 baths, 2,254 sqft multi-family home for sale at $449,900 in Duluth MN 55806. At 20% down it rents for an estimated $6,400/mo and returns $3,245/mo a month at a 15.2% 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
$6,400/mo
Monthly cash flow
$3,245/mo
Cap rate
15.2%
Cash-on-cash
43.3%
Max offer
$449,900

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

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