For saleMulti-family

$419,900

886 Payne Ave

Saint Paul MN 55130

3 beds, 3 baths, 4,284 sqft

886 Payne Ave is a 3 beds, 3 baths, 4,284 sqft multi-family home for sale at $419,900 in Saint Paul MN 55130. At 20% down it rents for an estimated $3,100/mo and returns $155/mo a month at a 7.0% 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
$155/mo
Cap rate
7.0%
Cash-on-cash
2.2%
Max offer
$371,500

Offer ≤ $371,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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