For saleSingle family
$172,500
308 Colfax Ave NW
Renville MN 56284
3 beds, 1 bath, 1,422 sqft
308 Colfax Ave NW is a 3 beds, 1 bath, 1,422 sqft single family home for sale at $172,500 in Renville MN 56284. At 20% down it rents for an estimated $1,675/mo and returns $465/mo a month at a 9.8% 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
- $1,675/mo
- Monthly cash flow
- $465/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 16.2%
- Max offer
- $172,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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