For saleSingle family
$304,900
605 9th Ave SW
Rice MN 56367
5 beds, 2 baths, 2,263 sqft
605 9th Ave SW is a 5 beds, 2 baths, 2,263 sqft single family home for sale at $304,900 in Rice MN 56367. At 20% down it rents for an estimated $2,300/mo and returns $162/mo a month at a 7.2% 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
- $2,300/mo
- Monthly cash flow
- $162/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $275,500
Offer ≤ $275,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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