For saleMulti-family
$56,900
118 2nd St S
Virginia MN 55792
3 beds, 2 baths, 742 sqft
118 2nd St S is a 3 beds, 2 baths, 742 sqft multi-family home for sale at $56,900 in Virginia MN 55792. At 20% down it rents for an estimated $1,050/mo and returns $651/mo a month at a 20.2% 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
- $1,050/mo
- Monthly cash flow
- $651/mo
- Cap rate
- 20.2%
- Cash-on-cash
- 68.6%
- Max offer
- $56,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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