For saleSingle family
$280,000
503 N Elm St
Belle Plaine MN 56011
4 beds, 1 bath, 1,380 sqft
503 N Elm St is a 4 beds, 1 bath, 1,380 sqft single family home for sale at $280,000 in Belle Plaine MN 56011. At 20% down it rents for an estimated $3,000/mo and returns $1,036/mo a month at a 11.0% 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
- $3,000/mo
- Monthly cash flow
- $1,036/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 22.2%
- Max offer
- $280,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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