For saleMulti-family
$300,000
1232 Albemarle St
Saint Paul MN 55117
4 beds, 2 baths, 1,607 sqft
1232 Albemarle St is a 4 beds, 2 baths, 1,607 sqft multi-family home for sale at $300,000 in Saint Paul MN 55117. At 20% down it rents for an estimated $2,500/mo and returns $358/mo a month at a 8.1% 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
- $2,500/mo
- Monthly cash flow
- $358/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $295,000
Offer ≤ $295,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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