Pending saleMulti-family
$329,900
605 Main St
Tower MN 55790
8 beds, 4 baths, 4,464 sqft
605 Main St is a 8 beds, 4 baths, 4,464 sqft multi-family home pending sale at $329,900 in Tower MN 55790. At 20% down it rents for an estimated $4,000/mo and returns $1,645/mo a month at a 12.6% 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
- $4,000/mo
- Monthly cash flow
- $1,645/mo
- Cap rate
- 12.6%
- Cash-on-cash
- 29.9%
- Max offer
- $329,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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