For saleMulti-family
$389,900
405 Lake Blvd S
Buffalo MN 55313
4 beds, 2 baths, 2,256 sqft
405 Lake Blvd S is a 4 beds, 2 baths, 2,256 sqft multi-family home for sale at $389,900 in Buffalo MN 55313. At 20% down it rents for an estimated $2,700/mo and returns -$83/mo a month at a 6.4% 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
- $2,700/mo
- Monthly cash flow
- -$83/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -1.3%
- Max offer
- $319,000
Offer ≤ $319,000 (18% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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