For saleMulti-family
$385,000
985 Cypress St
Saint Paul MN 55106
4 beds, 2 baths, 1,423 sqft
985 Cypress St is a 4 beds, 2 baths, 1,423 sqft multi-family home for sale at $385,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $2,550/mo and returns -$198/mo a month at a 6.0% 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
- $2,550/mo
- Monthly cash flow
- -$198/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.1%
- Max offer
- $301,500
Offer ≤ $301,500 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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