For saleSingle family
$275,000
220 S McCornell Ave
Parkers Prairie MN 56361
5 beds, 2 baths, 2,560 sqft
220 S McCornell Ave is a 5 beds, 2 baths, 2,560 sqft single family home for sale at $275,000 in Parkers Prairie MN 56361. At 20% down it rents for an estimated $2,250/mo and returns $321/mo a month at a 7.9% 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
- $2,250/mo
- Monthly cash flow
- $321/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.0%
- Max offer
- $269,500
Offer ≤ $269,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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