For saleSingle family
$199,900
735 E 2nd St
Litchfield MN 55355
3 beds, 2 baths, 1,224 sqft
735 E 2nd St is a 3 beds, 2 baths, 1,224 sqft single family home for sale at $199,900 in Litchfield MN 55355. At 20% down it rents for an estimated $1,450/mo and returns $48/mo a month at a 6.8% 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
- $1,450/mo
- Monthly cash flow
- $48/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.4%
- Max offer
- $173,500
Offer ≤ $173,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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