For saleMulti-family
$349,900
150 2nd Ave SW
Elgin MN 55932
8 beds, 4 baths, 3,552 sqft
150 2nd Ave SW is a 8 beds, 4 baths, 3,552 sqft multi-family home for sale at $349,900 in Elgin MN 55932. At 20% down it rents for an estimated $4,200/mo and returns $1,746/mo a month at a 12.5% 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
- $4,200/mo
- Monthly cash flow
- $1,746/mo
- Cap rate
- 12.5%
- Cash-on-cash
- 29.9%
- Max offer
- $349,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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