For saleMulti-family
$549,900
3485 Lester Ave
Hastings MN 55033
8 beds, 4 baths, 3,300 sqft
3485 Lester Ave is a 8 beds, 4 baths, 3,300 sqft multi-family home for sale at $549,900 in Hastings MN 55033. At 20% down it rents for an estimated $6,800/mo and returns $2,943/mo a month at a 12.9% 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
- $6,800/mo
- Monthly cash flow
- $2,943/mo
- Cap rate
- 12.9%
- Cash-on-cash
- 32.1%
- Max offer
- $549,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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