For saleSingle family
$269,000
603 2nd St NW
Waseca MN 56093
5 beds, 2 baths, 3,360 sqft
603 2nd St NW is a 5 beds, 2 baths, 3,360 sqft single family home for sale at $269,000 in Waseca MN 56093. At 20% down it rents for an estimated $1,400/mo and returns -$520/mo a month at a 4.3% 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
- $1,400/mo
- Monthly cash flow
- -$520/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.6%
- Max offer
- $165,500
Offer ≤ $165,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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