For saleCondo
$225,000
516 W 5th St Apt 1
Duluth MN 55806
2 beds, 1 bath, 1,185 sqft
516 W 5th St Apt 1 is a 2 beds, 1 bath, 1,185 sqft condo home for sale at $225,000 in Duluth MN 55806. At 20% down it rents for an estimated $1,400/mo and returns -$503/mo a month at a 4.0% 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
- $1,400/mo
- Monthly cash flow
- -$503/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.4%
- Max offer
- $125,000
Offer ≤ $125,000 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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