For saleMulti-family
$449,900
417 N Washington St
Lake City MN 55041
4 beds, 3 baths, 2,612 sqft
417 N Washington St is a 4 beds, 3 baths, 2,612 sqft multi-family home for sale at $449,900 in Lake City MN 55041. At 20% down it rents for an estimated $3,300/mo and returns $145/mo a month at a 6.9% 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
- $3,300/mo
- Monthly cash flow
- $145/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $395,500
Offer ≤ $395,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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