For saleSingle family
$115,000
607 Saint Johns Ave
Red Lake Falls MN 56750
2 beds, 2 baths, 1,300 sqft
607 Saint Johns Ave is a 2 beds, 2 baths, 1,300 sqft single family home for sale at $115,000 in Red Lake Falls MN 56750. At 20% down it rents for an estimated $900/mo and returns $79/mo a month at a 7.5% 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
- $79/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $106,000
Offer ≤ $106,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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