For saleSingle family
$570,000
375 Freeman Rd
Cloquet MN 55720
3 beds, 4 baths, 3,144 sqft
375 Freeman Rd is a 3 beds, 4 baths, 3,144 sqft single family home for sale at $570,000 in Cloquet MN 55720. At 20% down it rents for an estimated $1,850/mo and returns -$2,219/mo a month at a 2.0% 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
- $1,850/mo
- Monthly cash flow
- -$2,219/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.4%
- Max offer
- $220,500
Offer ≤ $220,500 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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