For saleMulti-family
$399,900
502 Vine Ave W
Montgomery MN 56069
6 beds, 4 baths, 3,412 sqft
502 Vine Ave W is a 6 beds, 4 baths, 3,412 sqft multi-family home for sale at $399,900 in Montgomery MN 56069. At 20% down it rents for an estimated $3,250/mo and returns $395/mo a month at a 7.9% 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
- $3,250/mo
- Monthly cash flow
- $395/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 5.9%
- Max offer
- $383,500
Offer ≤ $383,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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