For saleMulti-family
$260,000
705 2nd Ave SW
Pine City MN 55063
5 beds, 3 baths, 2,329 sqft
705 2nd Ave SW is a 5 beds, 3 baths, 2,329 sqft multi-family home for sale at $260,000 in Pine City MN 55063. At 20% down it rents for an estimated $1,750/mo and returns -$106/mo a month at a 6.2% 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
- $1,750/mo
- Monthly cash flow
- -$106/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.4%
- Max offer
- $206,500
Offer ≤ $206,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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