For saleMulti-family
$252,000
202 N Cass Ave
Springfield MN 56087
8 beds, 4 baths, 4,900 sqft
202 N Cass Ave is a 8 beds, 4 baths, 4,900 sqft multi-family home for sale at $252,000 in Springfield MN 56087. At 20% down it rents for an estimated $2,100/mo and returns $301/mo a month at a 8.1% 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
- $2,100/mo
- Monthly cash flow
- $301/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $247,500
Offer ≤ $247,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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