For saleSingle family
$84,500
514 Hancock St E
Hendrum MN 56550
2 beds, 1 bath, 1,216 sqft
514 Hancock St E is a 2 beds, 1 bath, 1,216 sqft single family home for sale at $84,500 in Hendrum MN 56550. At 20% down it rents for an estimated $975/mo and returns $372/mo a month at a 11.9% 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
- $975/mo
- Monthly cash flow
- $372/mo
- Cap rate
- 11.9%
- Cash-on-cash
- 26.4%
- Max offer
- $84,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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