For saleSingle family
$87,000
14 1st Ave NW
Elbow Lake MN 56531
2 beds, 1 bath, 904 sqft
14 1st Ave NW is a 2 beds, 1 bath, 904 sqft single family home for sale at $87,000 in Elbow Lake MN 56531. At 20% down it rents for an estimated $775/mo and returns $165/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
- $775/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.4%
- Max offer
- $87,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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