For saleMulti-family
$176,750
226 3rd Ave NE
Saint Cloud MN 56304
4 beds, 2 baths, 1,500 sqft
226 3rd Ave NE is a 4 beds, 2 baths, 1,500 sqft multi-family home for sale at $176,750 in Saint Cloud MN 56304. At 20% down it rents for an estimated $1,900/mo and returns $638/mo a month at a 11.0% 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
- $1,900/mo
- Monthly cash flow
- $638/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 21.7%
- Max offer
- $176,750
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading