For saleSingle family
$99,900
317 2nd Ave SW
Wells MN 56097
4 beds, 1.5 baths, 2,762 sqft
317 2nd Ave SW is a 4 beds, 1.5 baths, 2,762 sqft single family home for sale at $99,900 in Wells MN 56097. At 20% down it rents for an estimated $1,450/mo and returns $749/mo a month at a 15.5% 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
- $1,450/mo
- Monthly cash flow
- $749/mo
- Cap rate
- 15.5%
- Cash-on-cash
- 45.0%
- Max offer
- $99,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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