For saleSingle family
$120,000
406 8th Ave E
Alexandria MN 56308
5 beds, 2 baths, 1,200 sqft
406 8th Ave E is a 5 beds, 2 baths, 1,200 sqft single family home for sale at $120,000 in Alexandria MN 56308. At 20% down it rents for an estimated $1,375/mo and returns $518/mo a month at a 11.8% 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
- $1,375/mo
- Monthly cash flow
- $518/mo
- Cap rate
- 11.8%
- Cash-on-cash
- 25.9%
- Max offer
- $120,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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