For saleMulti-family
$142,900
801 and 803 16th St N
Virginia MN 55792
4 beds, 4 baths, 2,132 sqft
801 and 803 16th St N is a 4 beds, 4 baths, 2,132 sqft multi-family home for sale at $142,900 in Virginia MN 55792. At 20% down it rents for an estimated $2,000/mo and returns $980/mo a month at a 14.9% 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
- $2,000/mo
- Monthly cash flow
- $980/mo
- Cap rate
- 14.9%
- Cash-on-cash
- 41.1%
- Max offer
- $142,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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