For saleSingle family
$164,900
512 State St W
Detroit Lakes MN 56501
2 beds, 1 bath, 2,636 sqft
512 State St W is a 2 beds, 1 bath, 2,636 sqft single family home for sale at $164,900 in Detroit Lakes MN 56501. At 20% down it rents for an estimated $1,375/mo and returns $218/mo a month at a 8.1% 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
- $1,375/mo
- Monthly cash flow
- $218/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.9%
- Max offer
- $164,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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