For saleMulti-family

$379,900

1247 167th Ave NE

Ham Lake MN 55304

5 beds, 2 baths, 1,914 sqft

1247 167th Ave NE is a 5 beds, 2 baths, 1,914 sqft multi-family home for sale at $379,900 in Ham Lake MN 55304. At 20% down it rents for an estimated $3,100/mo and returns $436/mo a month at a 7.9% 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
$3,100/mo
Monthly cash flow
$436/mo
Cap rate
7.9%
Cash-on-cash
6.9%
Max offer
$371,000

Offer ≤ $371,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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