For saleMulti-family
$179,000
309 3rd Ave SW
Austin MN 55912
5 beds, 2 baths, 1,944 sqft
309 3rd Ave SW is a 5 beds, 2 baths, 1,944 sqft multi-family home for sale at $179,000 in Austin MN 55912. At 20% down it rents for an estimated $1,900/mo and returns $645/mo a month at a 10.8% 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
- $1,900/mo
- Monthly cash flow
- $645/mo
- Cap rate
- 10.8%
- Cash-on-cash
- 21.6%
- Max offer
- $179,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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