For saleSingle family
$239,900
380 7th St NE
Perham MN 56573
2 beds, 1 bath, 912 sqft
380 7th St NE is a 2 beds, 1 bath, 912 sqft single family home for sale at $239,900 in Perham MN 56573. At 20% down it rents for an estimated $1,925/mo and returns $212/mo a month at a 7.7% 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
- $1,925/mo
- Monthly cash flow
- $212/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $227,000
Offer ≤ $227,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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