For saleSingle family
$399,900
1919 Hutchinson Rd
Duluth MN 55811
3 beds, 2 baths, 1,598 sqft
1919 Hutchinson Rd is a 3 beds, 2 baths, 1,598 sqft single family home for sale at $399,900 in Duluth MN 55811. At 20% down it rents for an estimated $1,950/mo and returns -$905/mo a month at a 4.0% 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
- $1,950/mo
- Monthly cash flow
- -$905/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.6%
- Max offer
- $231,000
Offer ≤ $231,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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