For saleMulti-family
$270,000
315 Summit Ave N
Crookston MN 56716
7 beds, 5 baths, 3,799 sqft
315 Summit Ave N is a 7 beds, 5 baths, 3,799 sqft multi-family home for sale at $270,000 in Crookston MN 56716. At 20% down it rents for an estimated $2,450/mo and returns $556/mo a month at a 9.0% 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
- $2,450/mo
- Monthly cash flow
- $556/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.4%
- Max offer
- $270,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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