For saleSingle family
$229,900
601 NE 2 Ave
Waseca MN 56093
4 beds, 2 baths, 3,259 sqft
601 NE 2 Ave is a 4 beds, 2 baths, 3,259 sqft single family home for sale at $229,900 in Waseca MN 56093. At 20% down it rents for an estimated $1,350/mo and returns -$291/mo a month at a 5.1% 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
- $1,350/mo
- Monthly cash flow
- -$291/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.6%
- Max offer
- $159,500
Offer ≤ $159,500 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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