For saleSingle family
$30,000
503 Lake Ave
Park Rapids MN 56470
2 beds, 1 bath, 880 sqft
503 Lake Ave is a 2 beds, 1 bath, 880 sqft single family home for sale at $30,000 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,100/mo and returns $886/mo a month at a 42.1% 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
- $1,100/mo
- Monthly cash flow
- $886/mo
- Cap rate
- 42.1%
- Cash-on-cash
- 177.2%
- Max offer
- $30,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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