For saleMulti-family
$349,900
1127 E 3rd St
Duluth MN 55805
5 beds, 3 baths, 2,388 sqft
1127 E 3rd St is a 5 beds, 3 baths, 2,388 sqft multi-family home for sale at $349,900 in Duluth MN 55805. At 20% down it rents for an estimated $3,900/mo and returns $1,446/mo a month at a 11.5% 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
- $3,900/mo
- Monthly cash flow
- $1,446/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.8%
- Max offer
- $349,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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