For saleMulti-family
$300,000
305 N Van Buren Ave
Springfield MN 56087
6 beds, 4 baths, 2,400 sqft
305 N Van Buren Ave is a 6 beds, 4 baths, 2,400 sqft multi-family home for sale at $300,000 in Springfield MN 56087. At 20% down it rents for an estimated $2,950/mo and returns $808/mo a month at a 9.9% 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
- $2,950/mo
- Monthly cash flow
- $808/mo
- Cap rate
- 9.9%
- Cash-on-cash
- 16.2%
- Max offer
- $300,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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