For saleSingle family
$79,000
8880 Main St
Mountain Iron MN 55768
3 beds, 1.5 baths, 3,120 sqft
8880 Main St is a 3 beds, 1.5 baths, 3,120 sqft single family home for sale at $79,000 in Mountain Iron MN 55768. At 20% down it rents for an estimated $1,175/mo and returns $621/mo a month at a 15.9% 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
- $621/mo
- Cap rate
- 15.9%
- Cash-on-cash
- 47.2%
- Max offer
- $79,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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