For saleMulti-family
$340,000
345 2nd Ave SW
Milaca MN 56353
5 beds, 2 baths, 2,076 sqft
345 2nd Ave SW is a 5 beds, 2 baths, 2,076 sqft multi-family home for sale at $340,000 in Milaca MN 56353. At 20% down it rents for an estimated $3,200/mo and returns $815/mo a month at a 9.4% 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
- $3,200/mo
- Monthly cash flow
- $815/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.4%
- Max offer
- $340,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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