For saleMulti-family
$229,000
523 N 1st Ave E
Duluth MN 55805
5 beds, 2 baths, 2,208 sqft
523 N 1st Ave E is a 5 beds, 2 baths, 2,208 sqft multi-family home for sale at $229,000 in Duluth MN 55805. At 20% down it rents for an estimated $3,500/mo and returns $1,894/mo a month at a 16.4% 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
- $3,500/mo
- Monthly cash flow
- $1,894/mo
- Cap rate
- 16.4%
- Cash-on-cash
- 49.6%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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