For saleSingle family
$170,000
524 1st Ave SE
Wells MN 56097
4 beds, 2 baths, 2,100 sqft
524 1st Ave SE is a 4 beds, 2 baths, 2,100 sqft single family home for sale at $170,000 in Wells MN 56097. At 20% down it rents for an estimated $1,425/mo and returns $233/mo a month at a 8.2% 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
- $1,425/mo
- Monthly cash flow
- $233/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 8.2%
- Max offer
- $170,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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