For saleSingle family
$40,000
35 Korda Dr
Duluth MN 55808
2 beds, 1 bath, 960 sqft
35 Korda Dr is a 2 beds, 1 bath, 960 sqft single family home for sale at $40,000 in Duluth MN 55808. At 20% down it rents for an estimated $1,175/mo and returns $889/mo a month at a 33.4% 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
- $1,175/mo
- Monthly cash flow
- $889/mo
- Cap rate
- 33.4%
- Cash-on-cash
- 133.4%
- Max offer
- $40,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading