For saleMulti-family
$310,000
403 2nd St
Austin MN 55912
8 beds, 4 baths, 3,833 sqft
403 2nd St is a 8 beds, 4 baths, 3,833 sqft multi-family home for sale at $310,000 in Austin MN 55912. At 20% down it rents for an estimated $3,800/mo and returns $1,587/mo a month at a 12.8% 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
- $3,800/mo
- Monthly cash flow
- $1,587/mo
- Cap rate
- 12.8%
- Cash-on-cash
- 30.7%
- Max offer
- $310,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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