For saleSingle family
$249,000
605 Summit Ave N
Crookston MN 56716
5 beds, 3.5 baths, 3,815 sqft
605 Summit Ave N is a 5 beds, 3.5 baths, 3,815 sqft single family home for sale at $249,000 in Crookston MN 56716. At 20% down it rents for an estimated $1,925/mo and returns $179/mo a month at a 7.4% 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
- $1,925/mo
- Monthly cash flow
- $179/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.3%
- Max offer
- $230,500
Offer ≤ $230,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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