For saleMulti-family
$500,000
2417 Vermilion Rd
Duluth MN 55803
10 beds, 4 baths, 2,912 sqft
2417 Vermilion Rd is a 10 beds, 4 baths, 2,912 sqft multi-family home for sale at $500,000 in Duluth MN 55803. At 20% down it rents for an estimated $5,500/mo and returns $1,993/mo a month at a 11.3% 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
- $5,500/mo
- Monthly cash flow
- $1,993/mo
- Cap rate
- 11.3%
- Cash-on-cash
- 23.9%
- Max offer
- $500,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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