For saleSingle family
$279,900
314 8th St
Cloquet MN 55720
2 beds, 2 baths, 1,124 sqft
314 8th St is a 2 beds, 2 baths, 1,124 sqft single family home for sale at $279,900 in Cloquet MN 55720. At 20% down it rents for an estimated $1,650/mo and returns -$348/mo a month at a 5.2% 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
- $1,650/mo
- Monthly cash flow
- -$348/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.5%
- Max offer
- $195,000
Offer ≤ $195,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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