For saleSingle family
$115,000
900 Park Ave N Unit 6
Park Rapids MN 56470
1 bed, 2 baths, 448 sqft
900 Park Ave N Unit 6 is a 1 bed, 2 baths, 448 sqft single family home for sale at $115,000 in Park Rapids MN 56470. At 20% down it rents for an estimated $900/mo and returns $93/mo a month at a 7.5% 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
- $900/mo
- Monthly cash flow
- $93/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.9%
- Max offer
- $107,500
Offer ≤ $107,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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