For saleSingle family
$239,000
501 Grove Ave
Montevideo MN 56265
4 beds, 2.5 baths, 2,360 sqft
501 Grove Ave is a 4 beds, 2.5 baths, 2,360 sqft single family home for sale at $239,000 in Montevideo MN 56265. At 20% down it rents for an estimated $1,725/mo and returns $49/mo a month at a 6.8% 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
- $1,725/mo
- Monthly cash flow
- $49/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $206,500
Offer ≤ $206,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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