For saleSingle family
$300,000
1314 Summit Ave
Cloquet MN 55720
3 beds, 2 baths, 1,746 sqft
1314 Summit Ave is a 3 beds, 2 baths, 1,746 sqft single family home for sale at $300,000 in Cloquet MN 55720. At 20% down it rents for an estimated $1,950/mo and returns -$192/mo a month at a 5.9% 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
- -$192/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -3.8%
- Max offer
- $230,500
Offer ≤ $230,500 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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