For saleMulti-family
$699,900
700 Summit Ave
Saint Paul MN 55105
6 beds, 5 baths, 4,352 sqft
700 Summit Ave is a 6 beds, 5 baths, 4,352 sqft multi-family home for sale at $699,900 in Saint Paul MN 55105. At 20% down it rents for an estimated $5,100/mo and returns $104/mo a month at a 6.8% 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
- $5,100/mo
- Monthly cash flow
- $104/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.9%
- Max offer
- $602,500
Offer ≤ $602,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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