For saleMulti-family
$259,900
3115 Covent Garden St S
Moorhead MN 56560
6 beds, 2 baths, 2,428 sqft
3115 Covent Garden St S is a 6 beds, 2 baths, 2,428 sqft multi-family home for sale at $259,900 in Moorhead MN 56560. At 20% down it rents for an estimated $3,900/mo and returns $2,045/mo a month at a 16.1% 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
- $3,900/mo
- Monthly cash flow
- $2,045/mo
- Cap rate
- 16.1%
- Cash-on-cash
- 47.2%
- Max offer
- $259,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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