For saleSingle family
$285,000
345 Merriam Ave N
Thief River Falls MN 56701
3 beds, 1 bath, 1,767 sqft
345 Merriam Ave N is a 3 beds, 1 bath, 1,767 sqft single family home for sale at $285,000 in Thief River Falls MN 56701. At 20% down it rents for an estimated $950/mo and returns -$1,085/mo a month at a 2.1% 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
- $950/mo
- Monthly cash flow
- -$1,085/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -22.8%
- Max offer
- $113,000
Offer ≤ $113,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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