For saleMulti-family
$570,000
1229-1231 Jefferson St
Alexandria MN 56308
11 beds, 4 baths, 3,800 sqft
1229-1231 Jefferson St is a 11 beds, 4 baths, 3,800 sqft multi-family home for sale at $570,000 in Alexandria MN 56308. At 20% down it rents for an estimated $4,400/mo and returns $331/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
- $4,400/mo
- Monthly cash flow
- $331/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $519,500
Offer ≤ $519,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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