$79,500
617 W 3rd St
Madison MN 56256
1 bed, 1 bath, 713 sqft
617 W 3rd St is a 1 bed, 1 bath, 713 sqft multi-family home for sale at $79,500 in Madison MN 56256. See the full deal score, rent estimate, cash flow, cap rate, and max offer below.
$79,500
617 W 3rd St
Madison MN 56256
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $379/mo for management, vacancy, maintenance and CapEx) would put cash flow at $780/mo. Set your own below.
Monthly payment (PITI)
- Principal & interest$384
- Property tax$80
- Insurance$27
- Total payment$490/mo
Cash-flow math charges taxes, insurance, HOA and PMI in full and holds nothing back from rent, the same basis your board ranks on. Management, vacancy, maintenance and CapEx are yours to set above.
Cash you'd need to close (est.)
- Down payment (25.0%)$19,875
- Closing costs (~3%: title, lender, prepaid escrow)$2,385
- Reserves (2 months of payments)$981
- Total cash to close$23,241
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
617 W 3rd St in context — the streets, water and amenities around it.
Property details
617 W 3rd St · Madison MN 56256
- Beds
- 1
- Baths
- 1
- Square feet
- 713
- Price / sqft
- $112
- Home type
- Duplex
- Days on market
- 58 days
- HOA
- Not reported
- Status
- For Sale
Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.