For saleSingle family
$245,000
702 1st Ave NW
Chisholm MN 55719
3 beds, 3 baths, 1,771 sqft
702 1st Ave NW is a 3 beds, 3 baths, 1,771 sqft single family home for sale at $245,000 in Chisholm MN 55719. At 20% down it rents for an estimated $1,400/mo and returns -$349/mo a month at a 5.0% 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
- -$349/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.5%
- Max offer
- $165,500
Offer ≤ $165,500 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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