For saleMulti-family
$229,000
1507 E 4th St
Duluth MN 55812
5 beds, 2 baths, 2,165 sqft
1507 E 4th St is a 5 beds, 2 baths, 2,165 sqft multi-family home for sale at $229,000 in Duluth MN 55812. At 20% down it rents for an estimated $2,750/mo and returns $1,144/mo a month at a 12.5% 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
- $2,750/mo
- Monthly cash flow
- $1,144/mo
- Cap rate
- 12.5%
- Cash-on-cash
- 30.0%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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