For saleSingle family
$219,000
447 2nd Ave NE
Perham MN 56573
3 beds, 1 bath, 1,161 sqft
447 2nd Ave NE is a 3 beds, 1 bath, 1,161 sqft single family home for sale at $219,000 in Perham MN 56573. At 20% down it rents for an estimated $2,500/mo and returns $937/mo a month at a 11.8% 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
- $2,500/mo
- Monthly cash flow
- $937/mo
- Cap rate
- 11.8%
- Cash-on-cash
- 25.7%
- Max offer
- $219,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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