For saleSingle family
$169,000
122 1st Ave NE
Clara City MN 56222
3 beds, 2 baths, 1,887 sqft
122 1st Ave NE is a 3 beds, 2 baths, 1,887 sqft single family home for sale at $169,000 in Clara City MN 56222. At 20% down it rents for an estimated $1,350/mo and returns $165/mo a month at a 7.7% 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
- $1,350/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.8%
- Max offer
- $161,500
Offer ≤ $161,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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