For saleSingle family
$389,000
1040 Miles Dr
Worthington MN 56187
3 beds, 2 baths, 1,682 sqft
1040 Miles Dr is a 3 beds, 2 baths, 1,682 sqft single family home for sale at $389,000 in Worthington MN 56187. At 20% down it rents for an estimated $1,125/mo and returns -$1,652/mo a month at a 1.6% 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
- $1,125/mo
- Monthly cash flow
- -$1,652/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.5%
- Max offer
- $134,000
Offer ≤ $134,000 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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