For saleMulti-family
$499,900
1015 43 1/2 Ave NE
Columbia Heights MN 55421
6 beds, 4 baths, 2,425 sqft
1015 43 1/2 Ave NE is a 6 beds, 4 baths, 2,425 sqft multi-family home for sale at $499,900 in Columbia Heights MN 55421. At 20% down it rents for an estimated $4,950/mo and returns $1,444/mo a month at a 10.0% 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
- $4,950/mo
- Monthly cash flow
- $1,444/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 17.3%
- Max offer
- $499,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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