For saleSingle family
$299,900
220 N Chestnut St
Belle Plaine MN 56011
3 beds, 2 baths, 1,982 sqft
220 N Chestnut St is a 3 beds, 2 baths, 1,982 sqft single family home for sale at $299,900 in Belle Plaine MN 56011. At 20% down it rents for an estimated $1,625/mo and returns -$516/mo a month at a 4.6% 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
- $1,625/mo
- Monthly cash flow
- -$516/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.3%
- Max offer
- $192,500
Offer ≤ $192,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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