For saleSingle family
$155,000
503 2nd St W
Park Rapids MN 56470
2 beds, 2 baths, 1,337 sqft
503 2nd St W is a 2 beds, 2 baths, 1,337 sqft single family home for sale at $155,000 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,100/mo and returns -$7/mo a month at a 6.6% 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
- $1,100/mo
- Monthly cash flow
- -$7/mo
- Cap rate
- 6.6%
- Cash-on-cash
- -0.3%
- Max offer
- $130,000
Offer ≤ $130,000 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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