For saleSingle family
$87,000
223 1st St SE
Clara City MN 56222
3 beds, 2 baths, 1,682 sqft
223 1st St SE is a 3 beds, 2 baths, 1,682 sqft single family home for sale at $87,000 in Clara City MN 56222. At 20% down it rents for an estimated $700/mo and returns $79/mo a month at a 7.8% 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
- $700/mo
- Monthly cash flow
- $79/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.4%
- Max offer
- $82,500
Offer ≤ $82,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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