For saleSingle family
$469,000
350 6th St NE
Perham MN 56573
3 beds, 3 baths, 3,640 sqft
350 6th St NE is a 3 beds, 3 baths, 3,640 sqft single family home for sale at $469,000 in Perham MN 56573. At 20% down it rents for an estimated $2,500/mo and returns -$848/mo a month at a 4.5% 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
- -$848/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.8%
- Max offer
- $296,000
Offer ≤ $296,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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