For saleSingle family
$210,000
806 Pine St Apt 5
Park Rapids MN 56470
3 beds, 3 baths, 1,501 sqft
806 Pine St Apt 5 is a 3 beds, 3 baths, 1,501 sqft single family home for sale at $210,000 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,225/mo and returns -$274/mo a month at a 5.1% 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
- $1,225/mo
- Monthly cash flow
- -$274/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.8%
- Max offer
- $145,000
Offer ≤ $145,000 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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