For saleSingle family
$275,000
414 N Grove St
Belle Plaine MN 56011
3 beds, 1 bath, 1,500 sqft
414 N Grove St is a 3 beds, 1 bath, 1,500 sqft single family home for sale at $275,000 in Belle Plaine MN 56011. At 20% down it rents for an estimated $1,625/mo and returns -$338/mo a month at a 5.2% 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
- $1,625/mo
- Monthly cash flow
- -$338/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.4%
- Max offer
- $192,000
Offer ≤ $192,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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