For saleSingle family
$289,900
1600 131st Ave NE
Blaine MN 55449
3 beds, 2 baths, 1,651 sqft
1600 131st Ave NE is a 3 beds, 2 baths, 1,651 sqft single family home for sale at $289,900 in Blaine MN 55449. At 20% down it rents for an estimated $2,400/mo and returns $330/mo a month at a 8.0% 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
- $2,400/mo
- Monthly cash flow
- $330/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.8%
- Max offer
- $283,000
Offer ≤ $283,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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