For saleMulti-family
$420,000
629 Lexington Pkwy N
Saint Paul MN 55104
4 beds, 2 baths, 2,614 sqft
629 Lexington Pkwy N is a 4 beds, 2 baths, 2,614 sqft multi-family home for sale at $420,000 in Saint Paul MN 55104. At 20% down it rents for an estimated $3,200/mo and returns $254/mo a month at a 7.2% 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
- $3,200/mo
- Monthly cash flow
- $254/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $383,000
Offer ≤ $383,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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