For saleTownhouse
$119,000
1240 Jackson Ave Apt 401
Detroit Lakes MN 56501
2 beds, 1 bath, 792 sqft
1240 Jackson Ave Apt 401 is a 2 beds, 1 bath, 792 sqft townhouse home for sale at $119,000 in Detroit Lakes MN 56501. At 20% down it rents for an estimated $1,375/mo and returns $582/mo a month at a 12.4% 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
- $1,375/mo
- Monthly cash flow
- $582/mo
- Cap rate
- 12.4%
- Cash-on-cash
- 29.3%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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