For saleSingle family
$299,900
1001 Terrace Ave
Brainerd MN 56401
4 beds, 2 baths, 2,873 sqft
1001 Terrace Ave is a 4 beds, 2 baths, 2,873 sqft single family home for sale at $299,900 in Brainerd MN 56401. At 20% down it rents for an estimated $2,650/mo and returns $509/mo a month at a 8.7% 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
- $2,650/mo
- Monthly cash flow
- $509/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.2%
- Max offer
- $299,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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