For saleCondo
$949,900
8401 Congdon Blvd Unit 6
Duluth MN 55804
3 beds, 3 baths, 2,106 sqft
8401 Congdon Blvd Unit 6 is a 3 beds, 3 baths, 2,106 sqft condo home for sale at $949,900 in Duluth MN 55804. At 20% down it rents for an estimated $2,800/mo and returns -$4,549/mo a month at a 0.9% 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
- $2,800/mo
- Monthly cash flow
- -$4,549/mo
- Cap rate
- 0.9%
- Cash-on-cash
- -28.7%
- Max offer
- $229,000
Offer ≤ $229,000 (76% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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