For saleMulti-family
$240,000
1103 Mill Ave
Brainerd MN 56401
5 beds, 3 baths, 2,054 sqft
1103 Mill Ave is a 5 beds, 3 baths, 2,054 sqft multi-family home for sale at $240,000 in Brainerd MN 56401. At 20% down it rents for an estimated $2,500/mo and returns $787/mo a month at a 10.6% 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
- $2,500/mo
- Monthly cash flow
- $787/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.7%
- Max offer
- $240,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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