For saleSingle family
$64,900
104 Atlantic Ave S
Herman MN 56248
3 beds, 1 bath, 920 sqft
104 Atlantic Ave S is a 3 beds, 1 bath, 920 sqft single family home for sale at $64,900 in Herman MN 56248. At 20% down it rents for an estimated $950/mo and returns $495/mo a month at a 15.7% 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
- $950/mo
- Monthly cash flow
- $495/mo
- Cap rate
- 15.7%
- Cash-on-cash
- 45.7%
- Max offer
- $64,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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