For saleSingle family

$160,000

403 8th St NE

Staples MN 56479

5 beds, 1.5 baths, 1,568 sqft

403 8th St NE is a 5 beds, 1.5 baths, 1,568 sqft single family home for sale at $160,000 in Staples MN 56479. At 20% down it rents for an estimated $1,400/mo and returns $278/mo a month at a 8.6% 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
$1,400/mo
Monthly cash flow
$278/mo
Cap rate
8.6%
Cash-on-cash
10.4%
Max offer
$160,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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