For saleSingle family
$294,500
1104 6th Ave NW
Rice MN 56367
4 beds, 2 baths, 2,150 sqft
1104 6th Ave NW is a 4 beds, 2 baths, 2,150 sqft single family home for sale at $294,500 in Rice MN 56367. At 20% down it rents for an estimated $2,400/mo and returns $334/mo a month at a 7.9% 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
- $2,400/mo
- Monthly cash flow
- $334/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $287,500
Offer ≤ $287,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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