For saleMulti-family
$79,500
617 W 3rd St
Madison MN 56256
1 bed, 1 bath, 713 sqft
617 W 3rd St is a 1 bed, 1 bath, 713 sqft multi-family home for sale at $79,500 in Madison MN 56256. At 20% down it rents for an estimated $1,300/mo and returns $742/mo a month at a 17.7% 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
- $1,300/mo
- Monthly cash flow
- $742/mo
- Cap rate
- 17.7%
- Cash-on-cash
- 56.0%
- Max offer
- $79,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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