For saleMulti-family

$295,000

1110 W Oakland Ave

Austin MN 55912

5 beds, 3 baths, 2,208 sqft

1110 W Oakland Ave is a 5 beds, 3 baths, 2,208 sqft multi-family home for sale at $295,000 in Austin MN 55912. At 20% down it rents for an estimated $2,850/mo and returns $781/mo a month at a 9.7% 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
$2,850/mo
Monthly cash flow
$781/mo
Cap rate
9.7%
Cash-on-cash
15.9%
Max offer
$295,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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