For saleCondo
$282,000
11 4th St S Apt 102
Moorhead MN 56560
2 beds, 2 baths, 1,607 sqft
11 4th St S Apt 102 is a 2 beds, 2 baths, 1,607 sqft condo home for sale at $282,000 in Moorhead MN 56560. At 20% down it rents for an estimated $1,300/mo and returns -$893/mo a month at a 2.9% 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
- $1,300/mo
- Monthly cash flow
- -$893/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -19.0%
- Max offer
- $124,500
Offer ≤ $124,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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