For saleSingle family

$260,000

203 W Main St

Blooming Prairie MN 55917

4 beds, 2.5 baths, 2,146 sqft

203 W Main St is a 4 beds, 2.5 baths, 2,146 sqft single family home for sale at $260,000 in Blooming Prairie MN 55917. At 20% down it rents for an estimated $1,950/mo and returns $126/mo a month at a 7.1% 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
$1,950/mo
Monthly cash flow
$126/mo
Cap rate
7.1%
Cash-on-cash
2.9%
Max offer
$233,500

Offer ≤ $233,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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