For saleSingle family
$284,900
1604 3rd St S
Moorhead MN 56560
4 beds, 2 baths, 2,044 sqft
1604 3rd St S is a 4 beds, 2 baths, 2,044 sqft single family home for sale at $284,900 in Moorhead MN 56560. At 20% down it rents for an estimated $1,925/mo and returns -$109/mo a month at a 6.2% 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
- $1,925/mo
- Monthly cash flow
- -$109/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.3%
- Max offer
- $227,500
Offer ≤ $227,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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