For saleMulti-family
$199,000
34-36 4th St
Cloquet MN 55720
3 beds, 2 baths, 1,900 sqft
34-36 4th St is a 3 beds, 2 baths, 1,900 sqft multi-family home for sale at $199,000 in Cloquet MN 55720. At 20% down it rents for an estimated $3,300/mo and returns $1,904/mo a month at a 18.0% 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
- $3,300/mo
- Monthly cash flow
- $1,904/mo
- Cap rate
- 18.0%
- Cash-on-cash
- 57.4%
- Max offer
- $199,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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