For saleMulti-family
$419,000
227 South Ave
Two Harbors MN 55616
5 beds, 2 baths, 2,060 sqft
227 South Ave is a 5 beds, 2 baths, 2,060 sqft multi-family home for sale at $419,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $3,250/mo and returns $259/mo a month at a 7.4% 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
- $3,250/mo
- Monthly cash flow
- $259/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $383,500
Offer ≤ $383,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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