For saleMulti-family
$120,000
521 9th Ave W
Alexandria MN 56308
6 beds, 2 baths, 2,283 sqft
521 9th Ave W is a 6 beds, 2 baths, 2,283 sqft multi-family home for sale at $120,000 in Alexandria MN 56308. At 20% down it rents for an estimated $2,200/mo and returns $1,343/mo a month at a 20.1% 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
- $2,200/mo
- Monthly cash flow
- $1,343/mo
- Cap rate
- 20.1%
- Cash-on-cash
- 67.2%
- Max offer
- $120,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading