For saleCondo
$175,000
213 W Palm St Unit 1
Duluth MN 55811
3 beds, 2 baths, 1,660 sqft
213 W Palm St Unit 1 is a 3 beds, 2 baths, 1,660 sqft condo home for sale at $175,000 in Duluth MN 55811. At 20% down it rents for an estimated $2,250/mo and returns $575/mo a month at a 10.6% 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
- $2,250/mo
- Monthly cash flow
- $575/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.7%
- Max offer
- $175,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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