For saleMulti-family
$37,000
422 Conley Ave S
Thief River Falls MN 56701
2 beds, 2 baths, 840 sqft
422 Conley Ave S is a 2 beds, 2 baths, 840 sqft multi-family home for sale at $37,000 in Thief River Falls MN 56701. At 20% down it rents for an estimated $1,450/mo and returns $1,190/mo a month at a 45.1% 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
- $1,450/mo
- Monthly cash flow
- $1,190/mo
- Cap rate
- 45.1%
- Cash-on-cash
- 193.1%
- Max offer
- $37,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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