For saleMulti-family
$309,900
611 E 6th St
Duluth MN 55805
4 beds, 2 baths, 2,192 sqft
611 E 6th St is a 4 beds, 2 baths, 2,192 sqft multi-family home for sale at $309,900 in Duluth MN 55805. At 20% down it rents for an estimated $2,400/mo and returns $226/mo a month at a 7.4% 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
- $2,400/mo
- Monthly cash flow
- $226/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.4%
- Max offer
- $287,500
Offer ≤ $287,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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