For saleSingle family
$259,500
820 Horace Ave N
Thief River Falls MN 56701
3 beds, 3 baths, 1,818 sqft
820 Horace Ave N is a 3 beds, 3 baths, 1,818 sqft single family home for sale at $259,500 in Thief River Falls MN 56701. At 20% down it rents for an estimated $950/mo and returns -$903/mo a month at a 2.5% 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
- -$903/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $113,000
Offer ≤ $113,000 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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