For saleSingle family
$408,000
106 7th St
Cloquet MN 55720
2 beds, 2 baths, 1,449 sqft
106 7th St is a 2 beds, 2 baths, 1,449 sqft single family home for sale at $408,000 in Cloquet MN 55720. At 20% down it rents for an estimated $1,650/mo and returns -$1,263/mo a month at a 3.0% 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
- -$1,263/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.6%
- Max offer
- $196,000
Offer ≤ $196,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading