For saleSingle family
$179,900
16566 129th Ave
Park Rapids MN 56470
5 beds, 1 bath, 1,896 sqft
16566 129th Ave is a 5 beds, 1 bath, 1,896 sqft single family home for sale at $179,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,500/mo and returns $216/mo a month at a 8.1% 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
- $1,500/mo
- Monthly cash flow
- $216/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $177,000
Offer ≤ $177,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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