For saleMulti-family

$310,000

267 Bates Ave

Saint Paul MN 55106

6 beds, 4 baths, 2,644 sqft

267 Bates Ave is a 6 beds, 4 baths, 2,644 sqft multi-family home for sale at $310,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $2,600/mo and returns $426/mo a month at a 8.2% 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
$2,600/mo
Monthly cash flow
$426/mo
Cap rate
8.2%
Cash-on-cash
8.2%
Max offer
$310,000

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

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