For saleMulti-family
$300,000
1123 Norwood St
Brainerd MN 56401
4 beds, 2 baths, 2,010 sqft
1123 Norwood St is a 4 beds, 2 baths, 2,010 sqft multi-family home for sale at $300,000 in Brainerd MN 56401. At 20% down it rents for an estimated $3,200/mo and returns $1,058/mo a month at a 10.9% 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
- $1,058/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.2%
- Max offer
- $300,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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