For saleMulti-family
$224,900
316 N 61st Ave W
Duluth MN 55807
2 beds, 2 baths, 1,542 sqft
316 N 61st Ave W is a 2 beds, 2 baths, 1,542 sqft multi-family home for sale at $224,900 in Duluth MN 55807. At 20% down it rents for an estimated $2,000/mo and returns $394/mo a month at a 8.8% 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
- $2,000/mo
- Monthly cash flow
- $394/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.5%
- Max offer
- $224,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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