For saleSingle family

$265,000

1037 Gould Ave NE

Columbia Heights MN 55421

3 beds, 2 baths, 1,144 sqft

1037 Gould Ave NE is a 3 beds, 2 baths, 1,144 sqft single family home for sale at $265,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $2,000/mo and returns $141/mo a month at a 7.2% 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
$2,000/mo
Monthly cash flow
$141/mo
Cap rate
7.2%
Cash-on-cash
3.2%
Max offer
$239,500

Offer ≤ $239,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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