For saleSingle family
$237,900
705 State Highway 28 W
Glenwood MN 56334
3 beds, 1 bath, 1,604 sqft
705 State Highway 28 W is a 3 beds, 1 bath, 1,604 sqft single family home for sale at $237,900 in Glenwood MN 56334. At 20% down it rents for an estimated $1,700/mo and returns $31/mo a month at a 6.7% 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
- $1,700/mo
- Monthly cash flow
- $31/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $203,500
Offer ≤ $203,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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