For saleSingle family
$124,500
212 Cleveland Ave
Morgan MN 56266
3 beds, 1 bath, 1,596 sqft
212 Cleveland Ave is a 3 beds, 1 bath, 1,596 sqft single family home for sale at $124,500 in Morgan MN 56266. At 20% down it rents for an estimated $950/mo and returns $77/mo a month at a 7.3% 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
- $950/mo
- Monthly cash flow
- $77/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.7%
- Max offer
- $113,500
Offer ≤ $113,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.