For saleMulti-family
$498,500
1220 Front St N
Crookston MN 56716
1 bed, 15 baths, 5,184 sqft
1220 Front St N is a 1 bed, 15 baths, 5,184 sqft multi-family home for sale at $498,500 in Crookston MN 56716. At 20% down it rents for an estimated $4,600/mo and returns $1,041/mo a month at a 9.2% 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
- $4,600/mo
- Monthly cash flow
- $1,041/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.5%
- Max offer
- $498,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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