For saleSingle family

$249,000

640 Superior Ave

Crosby MN 56441

3 beds, 1 bath, 1,260 sqft

640 Superior Ave is a 3 beds, 1 bath, 1,260 sqft single family home for sale at $249,000 in Crosby MN 56441. At 20% down it rents for an estimated $2,550/mo and returns $804/mo a month at a 10.4% 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
$2,550/mo
Monthly cash flow
$804/mo
Cap rate
10.4%
Cash-on-cash
19.4%
Max offer
$249,000

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

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