For saleSingle family
$185,000
216 Park Ave
Sandstone MN 55072
5 beds, 1.5 baths, 1,680 sqft
216 Park Ave is a 5 beds, 1.5 baths, 1,680 sqft single family home for sale at $185,000 in Sandstone MN 55072. At 20% down it rents for an estimated $1,575/mo and returns $277/mo a month at a 8.3% 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
- $1,575/mo
- Monthly cash flow
- $277/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 9.0%
- Max offer
- $185,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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