For saleSingle family
$499,000
512 Ridgewood Rd
Duluth MN 55804
3 beds, 2 baths, 3,068 sqft
512 Ridgewood Rd is a 3 beds, 2 baths, 3,068 sqft single family home for sale at $499,000 in Duluth MN 55804. At 20% down it rents for an estimated $1,900/mo and returns -$1,662/mo a month at a 2.7% 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
- $1,900/mo
- Monthly cash flow
- -$1,662/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -20.0%
- Max offer
- $226,000
Offer ≤ $226,000 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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