For saleSingle family
$229,000
2215 Selmser Ave
Cloquet MN 55720
4 beds, 0.5 baths, 2,026 sqft
2215 Selmser Ave is a 4 beds, 0.5 baths, 2,026 sqft single family home for sale at $229,000 in Cloquet MN 55720. At 20% down it rents for an estimated $2,175/mo and returns $540/mo a month at a 9.5% 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
- $2,175/mo
- Monthly cash flow
- $540/mo
- Cap rate
- 9.5%
- Cash-on-cash
- 14.2%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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