For saleSingle family
$99,900
503 Park Ave S
Park Rapids MN 56470
3 beds, 1 bath, 1,562 sqft
503 Park Ave S is a 3 beds, 1 bath, 1,562 sqft single family home for sale at $99,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,225/mo and returns $512/mo a month at a 12.8% 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
- $1,225/mo
- Monthly cash flow
- $512/mo
- Cap rate
- 12.8%
- Cash-on-cash
- 30.7%
- Max offer
- $99,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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