For saleTownhouse
$204,900
601 4th Ave NE Unit 16
Crookston MN 56716
2 beds, 2 baths, 1,728 sqft
601 4th Ave NE Unit 16 is a 2 beds, 2 baths, 1,728 sqft townhouse home for sale at $204,900 in Crookston MN 56716. At 20% down it rents for an estimated $800/mo and returns -$899/mo a month at a 1.4% 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
- -$899/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.3%
- Max offer
- $59,500
Offer ≤ $59,500 (71% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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