For saleMulti-family
$298,000
1514 E 2nd St
Duluth MN 55812
4 beds, 2 baths, 2,390 sqft
1514 E 2nd St is a 4 beds, 2 baths, 2,390 sqft multi-family home for sale at $298,000 in Duluth MN 55812. At 20% down it rents for an estimated $3,100/mo and returns $973/mo a month at a 10.6% 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
- $3,100/mo
- Monthly cash flow
- $973/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.6%
- Max offer
- $298,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading