For saleSingle family
$73,600
47 2nd St NW
Pelican Rapids MN 56572
3 beds, 1 bath, 795 sqft
47 2nd St NW is a 3 beds, 1 bath, 795 sqft single family home for sale at $73,600 in Pelican Rapids MN 56572. At 20% down it rents for an estimated $1,400/mo and returns $884/mo a month at a 20.9% 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
- $884/mo
- Cap rate
- 20.9%
- Cash-on-cash
- 72.0%
- Max offer
- $73,600
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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