For saleSingle family
$299,900
707 Washington Ave
Crookston MN 56716
4 beds, 2 baths, 2,573 sqft
707 Washington Ave is a 4 beds, 2 baths, 2,573 sqft single family home for sale at $299,900 in Crookston MN 56716. At 20% down it rents for an estimated $1,000/mo and returns -$1,141/mo a month at a 2.1% 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
- $1,000/mo
- Monthly cash flow
- -$1,141/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -22.8%
- Max offer
- $119,000
Offer ≤ $119,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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