For saleSingle family
$104,000
1116 N Armstrong Blvd
Saint James MN 56081
2 beds, 1.5 baths, 1,520 sqft
1116 N Armstrong Blvd is a 2 beds, 1.5 baths, 1,520 sqft single family home for sale at $104,000 in Saint James MN 56081. At 20% down it rents for an estimated $750/mo and returns $8/mo a month at a 6.8% 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
- $750/mo
- Monthly cash flow
- $8/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.4%
- Max offer
- $88,500
Offer ≤ $88,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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