For saleSingle family
$180,000
200 1st St NW
Pelican Rapids MN 56572
3 beds, 2.5 baths, 1,508 sqft
200 1st St NW is a 3 beds, 2.5 baths, 1,508 sqft single family home for sale at $180,000 in Pelican Rapids MN 56572. At 20% down it rents for an estimated $1,400/mo and returns $138/mo a month at a 7.4% 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
- $1,400/mo
- Monthly cash flow
- $138/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $167,500
Offer ≤ $167,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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