ContingentSingle family
$449,000
650 Leicester Ave
Duluth MN 55803
4 beds, 3 baths, 2,240 sqft
650 Leicester Ave is a 4 beds, 3 baths, 2,240 sqft single family home contingent at $449,000 in Duluth MN 55803. At 20% down it rents for an estimated $2,475/mo and returns -$730/mo a month at a 4.7% 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
- -$730/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.8%
- Max offer
- $293,000
Offer ≤ $293,000 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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