For saleMulti-family

$250,000

404 1st Ave S

South Saint Paul MN 55075

3 beds, 2 baths, 1,656 sqft

404 1st Ave S is a 3 beds, 2 baths, 1,656 sqft multi-family home for sale at $250,000 in South Saint Paul MN 55075. At 20% down it rents for an estimated $3,400/mo and returns $1,647/mo a month at a 14.4% 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
$3,400/mo
Monthly cash flow
$1,647/mo
Cap rate
14.4%
Cash-on-cash
39.5%
Max offer
$250,000

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

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