For saleSingle family
$225,000
113 1st St N
Waite Park MN 56387
3 beds, 1 bath, 1,160 sqft
113 1st St N is a 3 beds, 1 bath, 1,160 sqft single family home for sale at $225,000 in Waite Park MN 56387. At 20% down it rents for an estimated $1,150/mo and returns -$456/mo a month at a 4.2% 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
- $1,150/mo
- Monthly cash flow
- -$456/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.2%
- Max offer
- $136,000
Offer ≤ $136,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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