For saleSingle family
$180,000
23 Main St E
Morristown MN 55052
3 beds, 2 baths, 1,056 sqft
23 Main St E is a 3 beds, 2 baths, 1,056 sqft single family home for sale at $180,000 in Morristown MN 55052. At 20% down it rents for an estimated $1,500/mo and returns $215/mo a month at a 8.1% 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
- $1,500/mo
- Monthly cash flow
- $215/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $177,000
Offer ≤ $177,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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