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 $4,200/mo and returns $2,213/mo a month at a 15.5% 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
- $4,200/mo
- Monthly cash flow
- $2,213/mo
- Cap rate
- 15.5%
- Cash-on-cash
- 45.8%
- Max offer
- $290,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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