For saleSingle family
$229,900
702 Washington Ave S
Park Rapids MN 56470
3 beds, 2 baths, 1,848 sqft
702 Washington Ave S is a 3 beds, 2 baths, 1,848 sqft single family home for sale at $229,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $1,225/mo and returns -$416/mo a month at a 4.5% 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
- $1,225/mo
- Monthly cash flow
- -$416/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.9%
- Max offer
- $145,000
Offer ≤ $145,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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