For saleSingle family
$155,000
1402 6th St SE
Austin MN 55912
2 beds, 2 baths, 840 sqft
1402 6th St SE is a 2 beds, 2 baths, 840 sqft single family home for sale at $155,000 in Austin MN 55912. At 20% down it rents for an estimated $1,050/mo and returns -$57/mo a month at a 6.2% 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
- $1,050/mo
- Monthly cash flow
- -$57/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.2%
- Max offer
- $124,000
Offer ≤ $124,000 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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