For saleMulti-family
$359,900
656 2nd St N
Bayport MN 55003
4 beds, 2 baths, 2,218 sqft
656 2nd St N is a 4 beds, 2 baths, 2,218 sqft multi-family home for sale at $359,900 in Bayport MN 55003. At 20% down it rents for an estimated $2,850/mo and returns $281/mo a month at a 7.6% 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
- $2,850/mo
- Monthly cash flow
- $281/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.7%
- Max offer
- $336,500
Offer ≤ $336,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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