For saleSingle family

$86,000

320 8th St SE Unit B

Staples MN 56479

2 beds, 1 bath, 1,340 sqft

320 8th St SE Unit B is a 2 beds, 1 bath, 1,340 sqft single family home for sale at $86,000 in Staples MN 56479. At 20% down it rents for an estimated $1,000/mo and returns $397/mo a month at a 12.1% 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
$1,000/mo
Monthly cash flow
$397/mo
Cap rate
12.1%
Cash-on-cash
27.7%
Max offer
$86,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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