For saleMulti-family
$39,900
216 1st St NE
Wadena MN 56482
4 beds, 2 baths, 1,628 sqft
216 1st St NE is a 4 beds, 2 baths, 1,628 sqft multi-family home for sale at $39,900 in Wadena MN 56482. At 20% down it rents for an estimated $1,600/mo and returns $1,320/mo a month at a 46.2% 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
- $1,600/mo
- Monthly cash flow
- $1,320/mo
- Cap rate
- 46.2%
- Cash-on-cash
- 198.5%
- Max offer
- $39,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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