For saleSingle family
$238,500
1018 8th Ave E
Alexandria MN 56308
4 beds, 1 bath, 1,656 sqft
1018 8th Ave E is a 4 beds, 1 bath, 1,656 sqft single family home for sale at $238,500 in Alexandria MN 56308. At 20% down it rents for an estimated $1,950/mo and returns $277/mo a month at a 7.9% 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
- $1,950/mo
- Monthly cash flow
- $277/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.0%
- Max offer
- $233,500
Offer ≤ $233,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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