For saleMulti-family
$799,900
305-307 Reno St
Wayzata MN 55391
3 beds, 2 baths, 3,246 sqft
305-307 Reno St is a 3 beds, 2 baths, 3,246 sqft multi-family home for sale at $799,900 in Wayzata MN 55391. At 20% down it rents for an estimated $7,800/mo and returns $2,090/mo a month at a 9.8% 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
- $7,800/mo
- Monthly cash flow
- $2,090/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 15.7%
- Max offer
- $799,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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