For saleMulti-family
$2,400,000
220 Maple Ave SW
Elysian MN 56028
5 beds, 3 baths, 17,280 sqft
220 Maple Ave SW is a 5 beds, 3 baths, 17,280 sqft multi-family home for sale at $2,400,000 in Elysian MN 56028. At 20% down it rents for an estimated $20,250/mo and returns $3,117/mo a month at a 8.2% 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
- $20,250/mo
- Monthly cash flow
- $3,117/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.8%
- Max offer
- $2,390,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading