For saleMulti-family
$235,000
321 6th Ave E
Alexandria MN 56308
5 beds, 3 baths, 2,564 sqft
321 6th Ave E is a 5 beds, 3 baths, 2,564 sqft multi-family home for sale at $235,000 in Alexandria MN 56308. At 20% down it rents for an estimated $3,550/mo and returns $1,902/mo a month at a 16.2% 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
- $3,550/mo
- Monthly cash flow
- $1,902/mo
- Cap rate
- 16.2%
- Cash-on-cash
- 48.6%
- Max offer
- $235,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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