For saleSingle family
$499,900
412 Park Ave N
Park Rapids MN 56470
6 beds, 6 baths, 5,020 sqft
412 Park Ave N is a 6 beds, 6 baths, 5,020 sqft single family home for sale at $499,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,550/mo and returns -$2,019/mo a month at a 1.8% 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
- $1,550/mo
- Monthly cash flow
- -$2,019/mo
- Cap rate
- 1.8%
- Cash-on-cash
- -24.2%
- Max offer
- $185,000
Offer ≤ $185,000 (63% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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