For saleMulti-family
$225,000
1103 8th St NW
Austin MN 55912
3 beds, 2 baths, 2,264 sqft
1103 8th St NW is a 3 beds, 2 baths, 2,264 sqft multi-family home for sale at $225,000 in Austin MN 55912. At 20% down it rents for an estimated $2,300/mo and returns $722/mo a month at a 10.4% 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
- $2,300/mo
- Monthly cash flow
- $722/mo
- Cap rate
- 10.4%
- Cash-on-cash
- 19.3%
- Max offer
- $225,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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