For saleSingle family
$184,000
123 3rd St NE
Aitkin MN 56431
2 beds, 1 bath, 702 sqft
123 3rd St NE is a 2 beds, 1 bath, 702 sqft single family home for sale at $184,000 in Aitkin MN 56431. At 20% down it rents for an estimated $1,175/mo and returns -$139/mo a month at a 5.8% 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
- $1,175/mo
- Monthly cash flow
- -$139/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.5%
- Max offer
- $138,500
Offer ≤ $138,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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