For saleSingle family
$250,000
404 Irene Ave
Ironton MN 56455
3 beds, 1 bath, 1,534 sqft
404 Irene Ave is a 3 beds, 1 bath, 1,534 sqft single family home for sale at $250,000 in Ironton MN 56455. At 20% down it rents for an estimated $2,550/mo and returns $797/mo a month at a 10.3% 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
- $2,550/mo
- Monthly cash flow
- $797/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 19.1%
- Max offer
- $250,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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