For saleSingle family
$245,000
421 Miles Dr
Worthington MN 56187
4 beds, 2 baths, 1,404 sqft
421 Miles Dr is a 4 beds, 2 baths, 1,404 sqft single family home for sale at $245,000 in Worthington MN 56187. At 20% down it rents for an estimated $1,250/mo and returns -$499/mo a month at a 4.2% 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
- $1,250/mo
- Monthly cash flow
- -$499/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.2%
- Max offer
- $148,000
Offer ≤ $148,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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