For saleMulti-family
$354,900
1562 Ivy Ave E
Saint Paul MN 55106
5 beds, 3 baths, 2,205 sqft
1562 Ivy Ave E is a 5 beds, 3 baths, 2,205 sqft multi-family home for sale at $354,900 in Saint Paul MN 55106. At 20% down it rents for an estimated $3,700/mo and returns $1,166/mo a month at a 10.6% 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
- $3,700/mo
- Monthly cash flow
- $1,166/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.7%
- Max offer
- $354,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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