For saleMulti-family
$275,000
591 Payne Ave
Saint Paul MN 55130
6 beds, 3 baths, 2,344 sqft
591 Payne Ave is a 6 beds, 3 baths, 2,344 sqft multi-family home for sale at $275,000 in Saint Paul MN 55130. At 20% down it rents for an estimated $3,500/mo and returns $1,537/mo a month at a 13.4% 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
- $3,500/mo
- Monthly cash flow
- $1,537/mo
- Cap rate
- 13.4%
- Cash-on-cash
- 33.5%
- Max offer
- $275,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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