For saleMulti-family
$600,000
588 Selby Ave
Saint Paul MN 55102
5 beds, 3 baths, 2,703 sqft
588 Selby Ave is a 5 beds, 3 baths, 2,703 sqft multi-family home for sale at $600,000 in Saint Paul MN 55102. At 20% down it rents for an estimated $4,800/mo and returns $592/mo a month at a 7.7% 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
- $4,800/mo
- Monthly cash flow
- $592/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $575,000
Offer ≤ $575,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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