For saleMulti-family
$410,000
7382 Borman Ave
Inver Grove Heights MN 55076
4 beds, 2 baths, 2,128 sqft
7382 Borman Ave is a 4 beds, 2 baths, 2,128 sqft multi-family home for sale at $410,000 in Inver Grove Heights MN 55076. At 20% down it rents for an estimated $3,400/mo and returns $524/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
- $3,400/mo
- Monthly cash flow
- $524/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.7%
- Max offer
- $407,000
Offer ≤ $407,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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