For saleSingle family
$220,000
121 24th St NE
Bemidji MN 56601
4 beds, 2 baths, 1,523 sqft
121 24th St NE is a 4 beds, 2 baths, 1,523 sqft single family home for sale at $220,000 in Bemidji MN 56601. At 20% down it rents for an estimated $1,750/mo and returns $179/mo a month at a 7.6% 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
- $1,750/mo
- Monthly cash flow
- $179/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.9%
- Max offer
- $206,500
Offer ≤ $206,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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