For saleMulti-family
$385,000
2059-2063 Second St
White Bear Lake MN 55110
5 beds, 2 baths, 2,000 sqft
2059-2063 Second St is a 5 beds, 2 baths, 2,000 sqft multi-family home for sale at $385,000 in White Bear Lake MN 55110. At 20% down it rents for an estimated $3,200/mo and returns $452/mo a month at a 8.1% 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
- $3,200/mo
- Monthly cash flow
- $452/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $377,500
Offer ≤ $377,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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