For saleMulti-family
$449,900
1049 Gorman Ave
West Saint Paul MN 55118
6 beds, 3 baths, 2,846 sqft
1049 Gorman Ave is a 6 beds, 3 baths, 2,846 sqft multi-family home for sale at $449,900 in West Saint Paul MN 55118. At 20% down it rents for an estimated $5,050/mo and returns $1,895/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
- $5,050/mo
- Monthly cash flow
- $1,895/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 25.3%
- Max offer
- $449,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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