For saleSingle family

$229,000

301 E Depue Ave

Olivia MN 56277

3 beds, 1.5 baths, 2,012 sqft

301 E Depue Ave is a 3 beds, 1.5 baths, 2,012 sqft single family home for sale at $229,000 in Olivia MN 56277. At 20% down it rents for an estimated $1,675/mo and returns $69/mo a month at a 6.9% 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
$1,675/mo
Monthly cash flow
$69/mo
Cap rate
6.9%
Cash-on-cash
1.8%
Max offer
$200,500

Offer ≤ $200,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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