For saleSingle family
$159,900
614 N Cleveland Ave
Fergus Falls MN 56537
2 beds, 1 bath, 1,089 sqft
614 N Cleveland Ave is a 2 beds, 1 bath, 1,089 sqft single family home for sale at $159,900 in Fergus Falls MN 56537. At 20% down it rents for an estimated $1,075/mo and returns -$66/mo a month at a 6.2% 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
- $1,075/mo
- Monthly cash flow
- -$66/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.5%
- Max offer
- $127,000
Offer ≤ $127,000 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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