For saleMulti-family
$375,000
24 and 28 Main St W
Dodge Center MN 55927
5 beds, 4 baths, 4,357 sqft
24 and 28 Main St W is a 5 beds, 4 baths, 4,357 sqft multi-family home for sale at $375,000 in Dodge Center MN 55927. At 20% down it rents for an estimated $2,700/mo and returns $70/mo a month at a 6.7% 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
- $70/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.1%
- Max offer
- $323,500
Offer ≤ $323,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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