For saleCondo
$549,900
3629 London Rd Unit 5
Duluth MN 55804
3 beds, 3 baths, 2,000 sqft
3629 London Rd Unit 5 is a 3 beds, 3 baths, 2,000 sqft condo home for sale at $549,900 in Duluth MN 55804. At 20% down it rents for an estimated $1,800/mo and returns -$2,887/mo a month at a 0.4% 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
- $1,800/mo
- Monthly cash flow
- -$2,887/mo
- Cap rate
- 0.4%
- Cash-on-cash
- -31.5%
- Max offer
- $101,000
Offer ≤ $101,000 (82% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading