For saleMulti-family
$195,000
419 Michigan Ave
Duluth MN 55806
4 beds, 2 baths, 2,406 sqft
419 Michigan Ave is a 4 beds, 2 baths, 2,406 sqft multi-family home for sale at $195,000 in Duluth MN 55806. At 20% down it rents for an estimated $2,550/mo and returns $1,158/mo a month at a 13.8% 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
- $2,550/mo
- Monthly cash flow
- $1,158/mo
- Cap rate
- 13.8%
- Cash-on-cash
- 35.6%
- Max offer
- $195,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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