For saleCondo
$249,000
141 Madison Ave Unit 4
Duluth MN 55811
3 beds, 2 baths, 1,518 sqft
141 Madison Ave Unit 4 is a 3 beds, 2 baths, 1,518 sqft condo home for sale at $249,000 in Duluth MN 55811. At 20% down it rents for an estimated $2,250/mo and returns $116/mo a month at a 7.2% 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
- $116/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.8%
- Max offer
- $222,000
Offer ≤ $222,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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