For saleSingle family
$319,000
508 3rd Ave NE
Byron MN 55920
4 beds, 2 baths, 2,160 sqft
508 3rd Ave NE is a 4 beds, 2 baths, 2,160 sqft single family home for sale at $319,000 in Byron MN 55920. At 20% down it rents for an estimated $2,500/mo and returns $263/mo a month at a 7.5% 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
- $2,500/mo
- Monthly cash flow
- $263/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.9%
- Max offer
- $299,500
Offer ≤ $299,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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