For saleMulti-family
$290,000
1208 S 2nd Ave W
Virginia MN 55792
8 beds, 4 baths, 3,956 sqft
1208 S 2nd Ave W is a 8 beds, 4 baths, 3,956 sqft multi-family home for sale at $290,000 in Virginia MN 55792. At 20% down it rents for an estimated $3,400/mo and returns $1,330/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
- $3,400/mo
- Monthly cash flow
- $1,330/mo
- Cap rate
- 12.2%
- Cash-on-cash
- 27.5%
- Max offer
- $290,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading