For saleSingle family
$1,975,000
1430 Stoney Point Dr
Duluth MN 55804
3 beds, 3 baths, 4,505 sqft
1430 Stoney Point Dr is a 3 beds, 3 baths, 4,505 sqft single family home for sale at $1,975,000 in Duluth MN 55804. At 20% down it rents for an estimated $2,475/mo and returns -$11,624/mo a month at a -0.4% 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
- $2,475/mo
- Monthly cash flow
- -$11,624/mo
- Cap rate
- -0.4%
- Cash-on-cash
- -35.3%
- Max offer
- $300,000
Offer ≤ $300,000 (85% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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