For saleSingle family
$95,000
301 Main Ave N
Red Lake Falls MN 56750
3 beds, 2 baths, 1,019 sqft
301 Main Ave N is a 3 beds, 2 baths, 1,019 sqft single family home for sale at $95,000 in Red Lake Falls MN 56750. At 20% down it rents for an estimated $1,000/mo and returns $322/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
- $1,000/mo
- Monthly cash flow
- $322/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.3%
- Max offer
- $95,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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