For saleSingle family
$219,000
1111 1st St NE
Elbow Lake MN 56531
4 beds, 2 baths, 2,133 sqft
1111 1st St NE is a 4 beds, 2 baths, 2,133 sqft single family home for sale at $219,000 in Elbow Lake MN 56531. At 20% down it rents for an estimated $1,950/mo and returns $414/mo a month at a 8.8% 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
- $1,950/mo
- Monthly cash flow
- $414/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.3%
- Max offer
- $219,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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