For saleSingle family
$225,000
647 2nd St NE
Blooming Prairie MN 55917
4 beds, 2 baths, 1,570 sqft
647 2nd St NE is a 4 beds, 2 baths, 1,570 sqft single family home for sale at $225,000 in Blooming Prairie MN 55917. At 20% down it rents for an estimated $1,950/mo and returns $372/mo a month at a 8.5% 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
- $372/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.9%
- Max offer
- $225,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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