For saleMulti-family
$399,000
20-22 W 7th St
Duluth MN 55806
4 beds, 3 baths, 1,992 sqft
20-22 W 7th St is a 4 beds, 3 baths, 1,992 sqft multi-family home for sale at $399,000 in Duluth MN 55806. At 20% down it rents for an estimated $3,200/mo and returns $402/mo a month at a 7.7% 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
- $3,200/mo
- Monthly cash flow
- $402/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 6.0%
- Max offer
- $383,000
Offer ≤ $383,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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