For saleSingle family
$139,900
515 7th Ave NE
Pine City MN 55063
2 beds, 2 baths, 1,410 sqft
515 7th Ave NE is a 2 beds, 2 baths, 1,410 sqft single family home for sale at $139,900 in Pine City MN 55063. At 20% down it rents for an estimated $1,300/mo and returns $319/mo a month at a 9.3% 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
- $1,300/mo
- Monthly cash flow
- $319/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.7%
- Max offer
- $139,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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