For saleMulti-family
$284,500
815 2nd Ave NW
Faribault MN 55021
5 beds, 5 baths, 2,398 sqft
815 2nd Ave NW is a 5 beds, 5 baths, 2,398 sqft multi-family home for sale at $284,500 in Faribault MN 55021. At 20% down it rents for an estimated $3,200/mo and returns $1,169/mo a month at a 11.6% 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
- $1,169/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 24.7%
- Max offer
- $284,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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