For saleCondo
$224,750
407 Kelly County Rd Unit 1
Duluth MN 55811
3 beds, 2 baths, 1,104 sqft
407 Kelly County Rd Unit 1 is a 3 beds, 2 baths, 1,104 sqft condo home for sale at $224,750 in Duluth MN 55811. At 20% down it rents for an estimated $2,250/mo and returns $278/mo a month at a 8.1% 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
- $2,250/mo
- Monthly cash flow
- $278/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.4%
- Max offer
- $221,500
Offer ≤ $221,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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