For saleSingle family
$129,000
215 Main Ave N
Red Lake Falls MN 56750
3 beds, 1.5 baths, 3,780 sqft
215 Main Ave N is a 3 beds, 1.5 baths, 3,780 sqft single family home for sale at $129,000 in Red Lake Falls MN 56750. At 20% down it rents for an estimated $1,000/mo and returns $79/mo a month at a 7.4% 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
- $79/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $118,000
Offer ≤ $118,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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