For saleSingle family
$254,000
109 N 6th St
Lake City MN 55041
3 beds, 2 baths, 1,600 sqft
109 N 6th St is a 3 beds, 2 baths, 1,600 sqft single family home for sale at $254,000 in Lake City MN 55041. At 20% down it rents for an estimated $1,925/mo and returns $144/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
- $1,925/mo
- Monthly cash flow
- $144/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.4%
- Max offer
- $230,500
Offer ≤ $230,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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