For saleMulti-family
$325,000
611 2nd Ave
Goodhue MN 55027
8 beds, 4 baths, 3,298 sqft
611 2nd Ave is a 8 beds, 4 baths, 3,298 sqft multi-family home for sale at $325,000 in Goodhue MN 55027. At 20% down it rents for an estimated $3,250/mo and returns $930/mo a month at a 10.1% 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
- $3,250/mo
- Monthly cash flow
- $930/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.2%
- Max offer
- $325,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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