For saleSingle family
$149,900
400 2nd Ave N
Kelly Lake MN 55746
3 beds, 2 baths, 1,400 sqft
400 2nd Ave N is a 3 beds, 2 baths, 1,400 sqft single family home for sale at $149,900 in Kelly Lake MN 55746. At 20% down it rents for an estimated $1,225/mo and returns $155/mo a month at a 7.9% 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
- $1,225/mo
- Monthly cash flow
- $155/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.2%
- Max offer
- $144,500
Offer ≤ $144,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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