For saleTownhouse
$162,000
409 Norway Ave Apt 207
Pine River MN 56474
1 bed, 1 bath, 960 sqft
409 Norway Ave Apt 207 is a 1 bed, 1 bath, 960 sqft townhouse home for sale at $162,000 in Pine River MN 56474. At 20% down it rents for an estimated $1,000/mo and returns -$332/mo a month at a 4.2% 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
- $1,000/mo
- Monthly cash flow
- -$332/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $94,000
Offer ≤ $94,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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