For saleSingle family
$265,000
115 E Nelson St
Litchfield MN 55355
3 beds, 2 baths, 1,728 sqft
115 E Nelson St is a 3 beds, 2 baths, 1,728 sqft single family home for sale at $265,000 in Litchfield MN 55355. At 20% down it rents for an estimated $1,900/mo and returns $8/mo a month at a 6.7% 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
- $1,900/mo
- Monthly cash flow
- $8/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.2%
- Max offer
- $224,500
Offer ≤ $224,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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