For saleSingle family

$225,000

43687 Gates Ave

Harris MN 55032

5 beds, 1 bath, 2,231 sqft

43687 Gates Ave is a 5 beds, 1 bath, 2,231 sqft single family home for sale at $225,000 in Harris MN 55032. At 20% down it rents for an estimated $2,475/mo and returns $897/mo a month at a 11.3% 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
$2,475/mo
Monthly cash flow
$897/mo
Cap rate
11.3%
Cash-on-cash
23.9%
Max offer
$225,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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