For saleMulti-family
$320,000
421 10th St
Cloquet MN 55720
4 beds, 2 baths, 1,982 sqft
421 10th St is a 4 beds, 2 baths, 1,982 sqft multi-family home for sale at $320,000 in Cloquet MN 55720. At 20% down it rents for an estimated $2,800/mo and returns $516/mo a month at a 8.6% 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
- $2,800/mo
- Monthly cash flow
- $516/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.7%
- Max offer
- $320,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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