For saleSingle family
$367,500
1424 Summit Ave
Cloquet MN 55720
3 beds, 2 baths, 1,927 sqft
1424 Summit Ave is a 3 beds, 2 baths, 1,927 sqft single family home for sale at $367,500 in Cloquet MN 55720. At 20% down it rents for an estimated $1,950/mo and returns -$673/mo a month at a 4.5% 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
- $1,950/mo
- Monthly cash flow
- -$673/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -11.0%
- Max offer
- $231,000
Offer ≤ $231,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading