For saleMulti-family

$299,000

340 S Olive St

Waconia MN 55387

4 beds, 3 baths, 1,828 sqft

340 S Olive St is a 4 beds, 3 baths, 1,828 sqft multi-family home for sale at $299,000 in Waconia MN 55387. At 20% down it rents for an estimated $3,200/mo and returns $1,103/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
$1,103/mo
Cap rate
10.9%
Cash-on-cash
22.1%
Max offer
$299,000

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

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