For saleMulti-family
$169,900
13330 Ermine Dr
Park Rapids MN 56470
5 beds, 3 baths, 2,882 sqft
13330 Ermine Dr is a 5 beds, 3 baths, 2,882 sqft multi-family home for sale at $169,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,850/mo and returns $658/mo a month at a 11.2% 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
- $1,850/mo
- Monthly cash flow
- $658/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.3%
- Max offer
- $169,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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