For saleSingle family
$248,000
1108 45th Ave NE
Columbia Heights MN 55421
3 beds, 1 bath, 949 sqft
1108 45th Ave NE is a 3 beds, 1 bath, 949 sqft single family home for sale at $248,000 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,900/mo and returns $130/mo a month at a 7.3% 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
- $1,900/mo
- Monthly cash flow
- $130/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.1%
- Max offer
- $224,000
Offer ≤ $224,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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