For saleMulti-family

$339,000

421/423 Nevada Ave E

Saint Paul MN 55101

4 beds, 2 baths, 2,504 sqft

421/423 Nevada Ave E is a 4 beds, 2 baths, 2,504 sqft multi-family home for sale at $339,000 in Saint Paul MN 55101. At 20% down it rents for an estimated $3,100/mo and returns $722/mo a month at a 9.1% 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
$3,100/mo
Monthly cash flow
$722/mo
Cap rate
9.1%
Cash-on-cash
12.8%
Max offer
$339,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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