For saleSingle family
$225,000
711 28th St
Cloquet MN 55720
2 beds, 1.5 baths, 1,451 sqft
711 28th St is a 2 beds, 1.5 baths, 1,451 sqft single family home for sale at $225,000 in Cloquet MN 55720. At 20% down it rents for an estimated $1,650/mo and returns $72/mo a month at a 6.9% 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
- $1,650/mo
- Monthly cash flow
- $72/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $197,500
Offer ≤ $197,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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