For saleSingle family
$88,500
18 Kalmia Dr
Duluth MN 55810
2 beds, 2 baths, 1,056 sqft
18 Kalmia Dr is a 2 beds, 2 baths, 1,056 sqft single family home for sale at $88,500 in Duluth MN 55810. At 20% down it rents for an estimated $1,225/mo and returns $593/mo a month at a 14.7% 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
- $1,225/mo
- Monthly cash flow
- $593/mo
- Cap rate
- 14.7%
- Cash-on-cash
- 40.2%
- Max offer
- $88,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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