For saleMulti-family
$475,000
661 Payne Ave
Saint Paul MN 55130
4 beds, 4 baths, 2,600 sqft
661 Payne Ave is a 4 beds, 4 baths, 2,600 sqft multi-family home for sale at $475,000 in Saint Paul MN 55130. At 20% down it rents for an estimated $4,650/mo and returns $1,319/mo a month at a 9.8% 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
- $4,650/mo
- Monthly cash flow
- $1,319/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 16.7%
- Max offer
- $475,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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