For saleMulti-family
$239,900
1120 5th Ave NW
East Grand Forks MN 56721
8 beds, 4 baths, 3,304 sqft
1120 5th Ave NW is a 8 beds, 4 baths, 3,304 sqft multi-family home for sale at $239,900 in East Grand Forks MN 56721. At 20% down it rents for an estimated $2,500/mo and returns $817/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
- $817/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 20.4%
- Max offer
- $239,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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