For saleMulti-family
$298,500
401 1st Ave SE
Pelican Rapids MN 56572
6 beds, 3 baths, 3,400 sqft
401 1st Ave SE is a 6 beds, 3 baths, 3,400 sqft multi-family home for sale at $298,500 in Pelican Rapids MN 56572. At 20% down it rents for an estimated $4,150/mo and returns $2,056/mo a month at a 14.8% 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
- $4,150/mo
- Monthly cash flow
- $2,056/mo
- Cap rate
- 14.8%
- Cash-on-cash
- 41.3%
- Max offer
- $298,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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