For saleSingle family

$239,900

515 6th St SE

Little Falls MN 56345

4 beds, 2 baths, 2,148 sqft

515 6th St SE is a 4 beds, 2 baths, 2,148 sqft single family home for sale at $239,900 in Little Falls MN 56345. At 20% down it rents for an estimated $1,800/mo and returns $117/mo a month at a 7.1% 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
$1,800/mo
Monthly cash flow
$117/mo
Cap rate
7.1%
Cash-on-cash
2.9%
Max offer
$215,500

Offer ≤ $215,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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