For saleSingle family
$219,000
424 6th Ave W
Alexandria MN 56308
6 beds, 2 baths, 2,184 sqft
424 6th Ave W is a 6 beds, 2 baths, 2,184 sqft single family home for sale at $219,000 in Alexandria MN 56308. At 20% down it rents for an estimated $2,350/mo and returns $814/mo a month at a 11.0% 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
- $2,350/mo
- Monthly cash flow
- $814/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 22.3%
- Max offer
- $219,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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