For saleSingle family

$194,900

514 W Mill St

Paynesville MN 56362

5 beds, 2.5 baths, 1,965 sqft

514 W Mill St is a 5 beds, 2.5 baths, 1,965 sqft single family home for sale at $194,900 in Paynesville MN 56362. At 20% down it rents for an estimated $1,675/mo and returns $308/mo a month at a 8.4% 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
$1,675/mo
Monthly cash flow
$308/mo
Cap rate
8.4%
Cash-on-cash
9.5%
Max offer
$194,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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