For saleMulti-family
$320,000
714 E 6th St
Duluth MN 55805
5 beds, 3 baths, 1,600 sqft
714 E 6th St is a 5 beds, 3 baths, 1,600 sqft multi-family home for sale at $320,000 in Duluth MN 55805. At 20% down it rents for an estimated $3,500/mo and returns $1,256/mo a month at a 11.2% 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
- $3,500/mo
- Monthly cash flow
- $1,256/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.5%
- Max offer
- $320,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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