For saleSingle family
$93,000
315 Morrison Ave
Jackson MN 56143
1 bed, 1 bath, 824 sqft
315 Morrison Ave is a 1 bed, 1 bath, 824 sqft single family home for sale at $93,000 in Jackson MN 56143. At 20% down it rents for an estimated $725/mo and returns $61/mo a month at a 7.5% 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
- $725/mo
- Monthly cash flow
- $61/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 3.9%
- Max offer
- $85,500
Offer ≤ $85,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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