For saleSingle family
$279,900
400 Eastern Ave S
Park Rapids MN 56470
3 beds, 3 baths, 1,107 sqft
400 Eastern Ave S is a 3 beds, 3 baths, 1,107 sqft single family home for sale at $279,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,225/mo and returns -$773/mo a month at a 3.4% 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
- $1,225/mo
- Monthly cash flow
- -$773/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.6%
- Max offer
- $145,000
Offer ≤ $145,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading