For saleMulti-family
$199,900
509 N 53rd Ave W
Duluth MN 55807
5 beds, 2 baths, 1,862 sqft
509 N 53rd Ave W is a 5 beds, 2 baths, 1,862 sqft multi-family home for sale at $199,900 in Duluth MN 55807. At 20% down it rents for an estimated $3,900/mo and returns $2,473/mo a month at a 21.5% 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
- $3,900/mo
- Monthly cash flow
- $2,473/mo
- Cap rate
- 21.5%
- Cash-on-cash
- 74.2%
- Max offer
- $199,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading