For saleMulti-family
$239,900
400 Riverside Ave
Park Rapids MN 56470
6 beds, 2 baths, 2,888 sqft
400 Riverside Ave is a 6 beds, 2 baths, 2,888 sqft multi-family home for sale at $239,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $2,000/mo and returns $287/mo a month at a 8.1% 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
- $2,000/mo
- Monthly cash flow
- $287/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $236,000
Offer ≤ $236,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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