For saleSingle family
$119,500
313 Lincoln Ave
Crookston MN 56716
3 beds, 2 baths, 1,431 sqft
313 Lincoln Ave is a 3 beds, 2 baths, 1,431 sqft single family home for sale at $119,500 in Crookston MN 56716. At 20% down it rents for an estimated $900/mo and returns $47/mo a month at a 7.1% 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
- $900/mo
- Monthly cash flow
- $47/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.4%
- Max offer
- $106,000
Offer ≤ $106,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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