For saleTownhouse
$235,000
826 Prairie Ln SW
Alexandria MN 56308
3 beds, 2 baths, 1,660 sqft
826 Prairie Ln SW is a 3 beds, 2 baths, 1,660 sqft townhouse home for sale at $235,000 in Alexandria MN 56308. At 20% down it rents for an estimated $1,300/mo and returns -$445/mo a month at a 4.4% 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
- $1,300/mo
- Monthly cash flow
- -$445/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.4%
- Max offer
- $141,000
Offer ≤ $141,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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