For saleSingle family
$649,900
5716 Lakewood Rd
Duluth MN 55804
4 beds, 1.5 baths, 1,449 sqft
5716 Lakewood Rd is a 4 beds, 1.5 baths, 1,449 sqft single family home for sale at $649,900 in Duluth MN 55804. At 20% down it rents for an estimated $2,725/mo and returns -$1,914/mo a month at a 3.1% 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
- $2,725/mo
- Monthly cash flow
- -$1,914/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.7%
- Max offer
- $323,500
Offer ≤ $323,500 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading