For saleSingle family
$189,900
218 1st St NE
Clara City MN 56222
3 beds, 1.5 baths, 1,716 sqft
218 1st St NE is a 3 beds, 1.5 baths, 1,716 sqft single family home for sale at $189,900 in Clara City MN 56222. At 20% down it rents for an estimated $1,350/mo and returns $18/mo a month at a 6.6% 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
- $1,350/mo
- Monthly cash flow
- $18/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.6%
- Max offer
- $161,500
Offer ≤ $161,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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