For saleSingle family
$275,000
1906 Rachel Dr NE
Alexandria MN 56308
4 beds, 2 baths, 2,132 sqft
1906 Rachel Dr NE is a 4 beds, 2 baths, 2,132 sqft single family home for sale at $275,000 in Alexandria MN 56308. At 20% down it rents for an estimated $1,975/mo and returns $46/mo a month at a 6.7% 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
- $1,975/mo
- Monthly cash flow
- $46/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $236,500
Offer ≤ $236,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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