For saleMulti-family
$320,000
1407 State Highway 29 N
Alexandria MN 56308
9 beds, 4 baths, 5,304 sqft
1407 State Highway 29 N is a 9 beds, 4 baths, 5,304 sqft multi-family home for sale at $320,000 in Alexandria MN 56308. At 20% down it rents for an estimated $4,400/mo and returns $2,116/mo a month at a 14.6% 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
- $4,400/mo
- Monthly cash flow
- $2,116/mo
- Cap rate
- 14.6%
- Cash-on-cash
- 39.7%
- Max offer
- $320,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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