For saleCondo
$369,000
726 3rd Ave
Worthington MN 56187
1 bed, 1.5 baths, 1,400 sqft
726 3rd Ave is a 1 bed, 1.5 baths, 1,400 sqft condo home for sale at $369,000 in Worthington MN 56187. At 20% down it rents for an estimated $800/mo and returns -$1,832/mo a month at a 0.7% 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
- $800/mo
- Monthly cash flow
- -$1,832/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -29.8%
- Max offer
- $80,500
Offer ≤ $80,500 (78% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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