For saleSingle family
$389,000
410 N Meridian St
Belle Plaine MN 56011
4 beds, 3.5 baths, 2,200 sqft
410 N Meridian St is a 4 beds, 3.5 baths, 2,200 sqft single family home for sale at $389,000 in Belle Plaine MN 56011. At 20% down it rents for an estimated $3,000/mo and returns $272/mo a month at a 7.4% 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
- $3,000/mo
- Monthly cash flow
- $272/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.2%
- Max offer
- $359,000
Offer ≤ $359,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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