For saleSingle family
$240,000
1311 3rd St SE
Bemidji MN 56601
5 beds, 3 baths, 3,609 sqft
1311 3rd St SE is a 5 beds, 3 baths, 3,609 sqft single family home for sale at $240,000 in Bemidji MN 56601. At 20% down it rents for an estimated $1,950/mo and returns $237/mo a month at a 7.8% 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
- $1,950/mo
- Monthly cash flow
- $237/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.9%
- Max offer
- $230,000
Offer ≤ $230,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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