For saleMulti-family
$699,000
1599 Rice St
Saint Paul MN 55117
14 beds, 6 baths, 6,712 sqft
1599 Rice St is a 14 beds, 6 baths, 6,712 sqft multi-family home for sale at $699,000 in Saint Paul MN 55117. At 20% down it rents for an estimated $5,600/mo and returns $610/mo a month at a 7.7% 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
- $5,600/mo
- Monthly cash flow
- $610/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $661,000
Offer ≤ $661,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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