For saleSingle family
$174,000
421 9th Ave
Madison MN 56256
3 beds, 2 baths, 1,960 sqft
421 9th Ave is a 3 beds, 2 baths, 1,960 sqft single family home for sale at $174,000 in Madison MN 56256. At 20% down it rents for an estimated $1,400/mo and returns $180/mo a month at a 7.8% 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
- $1,400/mo
- Monthly cash flow
- $180/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.2%
- Max offer
- $167,500
Offer ≤ $167,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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