For saleMulti-family
$227,500
509 Pleasant Ave
Crookston MN 56716
5 beds, 3 baths, 4,286 sqft
509 Pleasant Ave is a 5 beds, 3 baths, 4,286 sqft multi-family home for sale at $227,500 in Crookston MN 56716. At 20% down it rents for an estimated $2,650/mo and returns $1,054/mo a month at a 12.1% 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
- $2,650/mo
- Monthly cash flow
- $1,054/mo
- Cap rate
- 12.1%
- Cash-on-cash
- 27.8%
- Max offer
- $227,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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