For saleSingle family
$107,000
415 Broadway Ave NE
Red Lake Falls MN 56750
4 beds, 2 baths, 1,028 sqft
415 Broadway Ave NE is a 4 beds, 2 baths, 1,028 sqft single family home for sale at $107,000 in Red Lake Falls MN 56750. At 20% down it rents for an estimated $1,125/mo and returns $361/mo a month at a 10.7% 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
- $1,125/mo
- Monthly cash flow
- $361/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.3%
- Max offer
- $107,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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