For saleSingle family
$369,000
506 W Lake Ave
Worthington MN 56187
4 beds, 2.5 baths, 2,547 sqft
506 W Lake Ave is a 4 beds, 2.5 baths, 2,547 sqft single family home for sale at $369,000 in Worthington MN 56187. At 20% down it rents for an estimated $1,025/mo and returns -$1,609/mo a month at a 1.4% 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
- $1,025/mo
- Monthly cash flow
- -$1,609/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.2%
- Max offer
- $122,500
Offer ≤ $122,500 (67% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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