For saleSingle family
$95,000
245 3rd Ave SE
Wells MN 56097
2 beds, 2 baths, 1,110 sqft
245 3rd Ave SE is a 2 beds, 2 baths, 1,110 sqft single family home for sale at $95,000 in Wells MN 56097. At 20% down it rents for an estimated $850/mo and returns $184/mo a month at a 8.8% 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
- $850/mo
- Monthly cash flow
- $184/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.6%
- Max offer
- $95,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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