For saleMulti-family

$329,000

3732 3rd St NE

Columbia Heights MN 55421

3 beds, 2 baths, 1,407 sqft

3732 3rd St NE is a 3 beds, 2 baths, 1,407 sqft multi-family home for sale at $329,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $3,400/mo and returns $1,093/mo a month at a 10.5% 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
$3,400/mo
Monthly cash flow
$1,093/mo
Cap rate
10.5%
Cash-on-cash
19.9%
Max offer
$329,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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