For saleMulti-family
$600,000
1598 E Shore Dr
Saint Paul MN 55106
6 beds, 3 baths, 4,120 sqft
1598 E Shore Dr is a 6 beds, 3 baths, 4,120 sqft multi-family home for sale at $600,000 in Saint Paul MN 55106. At 20% down it rents for an estimated $4,650/mo and returns $442/mo a month at a 7.4% 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
- $4,650/mo
- Monthly cash flow
- $442/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.4%
- Max offer
- $557,000
Offer ≤ $557,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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