For saleMulti-family
$500,000
60 Grove St
Mahtomedi MN 55115
4 beds, 2 baths, 2,416 sqft
60 Grove St is a 4 beds, 2 baths, 2,416 sqft multi-family home for sale at $500,000 in Mahtomedi MN 55115. At 20% down it rents for an estimated $4,400/mo and returns $831/mo a month at a 8.7% 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
- $4,400/mo
- Monthly cash flow
- $831/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.0%
- Max offer
- $500,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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