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 $2,300/mo and returns $337/mo a month at a 8.1% 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
- $2,300/mo
- Monthly cash flow
- $337/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.3%
- Max offer
- $271,500
Offer ≤ $271,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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