For saleSingle family
$299,900
318 S Meridian St
Belle Plaine MN 56011
2 beds, 2 baths, 2,190 sqft
318 S Meridian St is a 2 beds, 2 baths, 2,190 sqft single family home for sale at $299,900 in Belle Plaine MN 56011. At 20% down it rents for an estimated $1,300/mo and returns -$841/mo a month at a 3.3% 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
- $1,300/mo
- Monthly cash flow
- -$841/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.8%
- Max offer
- $154,000
Offer ≤ $154,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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