For saleMulti-family
$355,000
229 2nd Ave S
South Saint Paul MN 55075
4 beds, 2 baths, 1,802 sqft
229 2nd Ave S is a 4 beds, 2 baths, 1,802 sqft multi-family home for sale at $355,000 in South Saint Paul MN 55075. At 20% down it rents for an estimated $2,550/mo and returns $60/mo a month at a 6.7% 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
- $2,550/mo
- Monthly cash flow
- $60/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $305,500
Offer ≤ $305,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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