For saleMulti-family

$220,000

6876 Wels Ave

Brainerd MN 56401

4 beds, 2 baths, 1,387 sqft

6876 Wels Ave is a 4 beds, 2 baths, 1,387 sqft multi-family home for sale at $220,000 in Brainerd MN 56401. At 20% down it rents for an estimated $2,350/mo and returns $807/mo a month at a 10.9% 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
$2,350/mo
Monthly cash flow
$807/mo
Cap rate
10.9%
Cash-on-cash
22.0%
Max offer
$220,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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