For saleMulti-family
$415,000
1715 37th Ave NE
Columbia Heights MN 55421
4 beds, 4 baths, 3,190 sqft
1715 37th Ave NE is a 4 beds, 4 baths, 3,190 sqft multi-family home for sale at $415,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $3,300/mo and returns $389/mo a month at a 7.6% 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
- $3,300/mo
- Monthly cash flow
- $389/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.6%
- Max offer
- $395,000
Offer ≤ $395,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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