For saleSingle family

$59,900

229 River St

Jackson MN 56143

3 beds, 1 bath, 1,138 sqft

229 River St is a 3 beds, 1 bath, 1,138 sqft single family home for sale at $59,900 in Jackson MN 56143. At 20% down it rents for an estimated $1,000/mo and returns $580/mo a month at a 18.1% 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
$1,000/mo
Monthly cash flow
$580/mo
Cap rate
18.1%
Cash-on-cash
58.1%
Max offer
$59,900

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

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