For saleSingle family
$599,900
8555 1st Ave NE
Rice MN 56367
4 beds, 3.5 baths, 4,144 sqft
8555 1st Ave NE is a 4 beds, 3.5 baths, 4,144 sqft single family home for sale at $599,900 in Rice MN 56367. At 20% down it rents for an estimated $1,325/mo and returns -$2,958/mo a month at a 0.8% 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
- $1,325/mo
- Monthly cash flow
- -$2,958/mo
- Cap rate
- 0.8%
- Cash-on-cash
- -29.6%
- Max offer
- $159,000
Offer ≤ $159,000 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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