For saleSingle family
$249,000
1409 Alexander Ave
Crookston MN 56716
3 beds, 2 baths, 2,016 sqft
1409 Alexander Ave is a 3 beds, 2 baths, 2,016 sqft single family home for sale at $249,000 in Crookston MN 56716. At 20% down it rents for an estimated $900/mo and returns -$878/mo a month at a 2.4% 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
- $900/mo
- Monthly cash flow
- -$878/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.1%
- Max offer
- $107,000
Offer ≤ $107,000 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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