For saleSingle family
$359,900
426 N Gorman Ave
Litchfield MN 55355
4 beds, 2.5 baths, 3,291 sqft
426 N Gorman Ave is a 4 beds, 2.5 baths, 3,291 sqft single family home for sale at $359,900 in Litchfield MN 55355. At 20% down it rents for an estimated $2,700/mo and returns $176/mo a month at a 7.1% 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
- $2,700/mo
- Monthly cash flow
- $176/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $323,500
Offer ≤ $323,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.