For saleSingle family
$215,000
207 W Franklin St
Morristown MN 55052
3 beds, 1 bath, 1,372 sqft
207 W Franklin St is a 3 beds, 1 bath, 1,372 sqft single family home for sale at $215,000 in Morristown MN 55052. At 20% down it rents for an estimated $1,575/mo and returns $67/mo a month at a 6.9% 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
- $1,575/mo
- Monthly cash flow
- $67/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $188,500
Offer ≤ $188,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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