For saleSingle family
$315,000
629 Spear Ave
Duluth MN 55803
4 beds, 2 baths, 1,530 sqft
629 Spear Ave is a 4 beds, 2 baths, 1,530 sqft single family home for sale at $315,000 in Duluth MN 55803. At 20% down it rents for an estimated $2,475/mo and returns $226/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
- $2,475/mo
- Monthly cash flow
- $226/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $292,000
Offer ≤ $292,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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