For saleMulti-family
$255,000
1028 S Cedar Ave
Owatonna MN 55060
5 beds, 4 baths, 2,894 sqft
1028 S Cedar Ave is a 5 beds, 4 baths, 2,894 sqft multi-family home for sale at $255,000 in Owatonna MN 55060. At 20% down it rents for an estimated $2,400/mo and returns $580/mo a month at a 9.4% 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
- $2,400/mo
- Monthly cash flow
- $580/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.6%
- Max offer
- $255,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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