For saleMulti-family
$229,000
221 E 8th St
Winona MN 55987
7 beds, 2 baths, 2,491 sqft
221 E 8th St is a 7 beds, 2 baths, 2,491 sqft multi-family home for sale at $229,000 in Winona MN 55987. At 20% down it rents for an estimated $2,700/mo and returns $1,065/mo a month at a 12.2% 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
- $1,065/mo
- Cap rate
- 12.2%
- Cash-on-cash
- 27.9%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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