For saleMulti-family
$640,000
1529 E 5th St
Duluth MN 55812
4 beds, 4 baths, 3,050 sqft
1529 E 5th St is a 4 beds, 4 baths, 3,050 sqft multi-family home for sale at $640,000 in Duluth MN 55812. At 20% down it rents for an estimated $5,000/mo and returns $431/mo a month at a 7.5% 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
- $5,000/mo
- Monthly cash flow
- $431/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.0%
- Max offer
- $590,000
Offer ≤ $590,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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