For saleMulti-family
$299,900
408 S Main St
Le Sueur MN 56058
3 beds, 2 baths, 2,540 sqft
408 S Main St is a 3 beds, 2 baths, 2,540 sqft multi-family home for sale at $299,900 in Le Sueur MN 56058. At 20% down it rents for an estimated $1,400/mo and returns -$741/mo a month at a 3.7% 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
- $1,400/mo
- Monthly cash flow
- -$741/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.8%
- Max offer
- $166,000
Offer ≤ $166,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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