$505,000
506 3rd Ave NE
Roseau MN 56751
17 beds, 12 baths, 9,180 sqft
506 3rd Ave NE is a 17 beds, 12 baths, 9,180 sqft multi-family home for sale at $505,000 in Roseau MN 56751. See the full deal score, rent estimate, cash flow, cap rate, and max offer below.
$505,000
506 3rd Ave NE
Roseau MN 56751
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
Heads up: this listing never states how many units the building has, so the rent above is 8 units' worth of local comps with the unit count estimated from its 17 bedrooms. The per-unit figure is real market data; the multiplier is not. Confirm the unit count before you rely on the total.
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $1,742/mo for management, vacancy, maintenance and CapEx) would put cash flow at $2,718/mo. Set your own below.
Monthly payment (PITI)
- Principal & interest$2,441
- Property tax$505
- Insurance$168
- Total payment$3,115/mo
Cash-flow math charges taxes, insurance, HOA and PMI in full and holds nothing back from rent, the same basis your board ranks on. Management, vacancy, maintenance and CapEx are yours to set above.
Cash you'd need to close (est.)
- Down payment (25.0%)$126,250
- Closing costs (~3%: title, lender, prepaid escrow)$15,150
- Reserves (2 months of payments)$6,230
- Total cash to close$147,630
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
506 3rd Ave NE in context — the streets, water and amenities around it.
Property details
506 3rd Ave NE · Roseau MN 56751
- Beds
- 17
- Baths
- 12
- Square feet
- 9,180
- Price / sqft
- $55
- Home type
- Multi-family
- Days on market
- 22 days
- HOA
- Not reported
- Status
- For Sale
Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.