For saleMulti-family
$275,000
400 S Main St
Pine Island MN 55963
7 beds, 2 baths, 2,182 sqft
400 S Main St is a 7 beds, 2 baths, 2,182 sqft multi-family home for sale at $275,000 in Pine Island MN 55963. At 20% down it rents for an estimated $3,600/mo and returns $1,671/mo a month at a 13.8% 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
- $3,600/mo
- Monthly cash flow
- $1,671/mo
- Cap rate
- 13.8%
- Cash-on-cash
- 36.5%
- Max offer
- $275,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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