For saleTownhouse
$229,500
405 Clausen Ave SW Apt 5
Bemidji MN 56601
2 beds, 2 baths, 1,196 sqft
405 Clausen Ave SW Apt 5 is a 2 beds, 2 baths, 1,196 sqft townhouse home for sale at $229,500 in Bemidji MN 56601. At 20% down it rents for an estimated $1,200/mo and returns -$662/mo a month at a 3.2% 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
- $1,200/mo
- Monthly cash flow
- -$662/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.3%
- Max offer
- $109,500
Offer ≤ $109,500 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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