For saleMulti-family
$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. At 20% down it rents for an estimated $6,950/mo and returns $3,408/mo a month at a 14.6% 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
- $6,950/mo
- Monthly cash flow
- $3,408/mo
- Cap rate
- 14.6%
- Cash-on-cash
- 40.5%
- Max offer
- $505,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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