For saleSingle family
$206,000
313 Elizabeth St
Detroit Lakes MN 56501
3 beds, 3 baths, 2,319 sqft
313 Elizabeth St is a 3 beds, 3 baths, 2,319 sqft single family home for sale at $206,000 in Detroit Lakes MN 56501. At 20% down it rents for an estimated $1,550/mo and returns $105/mo a month at a 7.1% 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
- $1,550/mo
- Monthly cash flow
- $105/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $185,500
Offer ≤ $185,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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