For saleMulti-family
$229,900
276 Minnesota Ave W
Glenwood MN 56334
3 beds, 2 baths, 1,914 sqft
276 Minnesota Ave W is a 3 beds, 2 baths, 1,914 sqft multi-family home for sale at $229,900 in Glenwood MN 56334. At 20% down it rents for an estimated $1,950/mo and returns $309/mo a month at a 8.3% 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
- $1,950/mo
- Monthly cash flow
- $309/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.1%
- Max offer
- $229,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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