For saleMulti-family
$273,000
305 23rd St SE
Willmar MN 56201
4 beds, 2 baths, 1,776 sqft
305 23rd St SE is a 4 beds, 2 baths, 1,776 sqft multi-family home for sale at $273,000 in Willmar MN 56201. At 20% down it rents for an estimated $1,250/mo and returns -$699/mo a month at a 3.6% 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
- $1,250/mo
- Monthly cash flow
- -$699/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.4%
- Max offer
- $148,000
Offer ≤ $148,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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