For saleSingle family
$159,000
929 W Iowa St
Lake City MN 55041
3 beds, 2 baths, 1,088 sqft
929 W Iowa St is a 3 beds, 2 baths, 1,088 sqft single family home for sale at $159,000 in Lake City MN 55041. At 20% down it rents for an estimated $2,100/mo and returns $985/mo a month at a 13.9% 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
- $2,100/mo
- Monthly cash flow
- $985/mo
- Cap rate
- 13.9%
- Cash-on-cash
- 37.2%
- Max offer
- $159,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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