For saleMulti-family
$499,900
3832 3rd St NE
Columbia Heights MN 55421
8 beds, 4 baths, 3,264 sqft
3832 3rd St NE is a 8 beds, 4 baths, 3,264 sqft multi-family home for sale at $499,900 in Columbia Heights MN 55421. At 20% down it rents for an estimated $5,600/mo and returns $2,031/mo a month at a 11.5% 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
- $5,600/mo
- Monthly cash flow
- $2,031/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.4%
- Max offer
- $499,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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