For saleSingle family
$224,900
614 N 8th St
Brainerd MN 56401
3 beds, 1 bath, 1,010 sqft
614 N 8th St is a 3 beds, 1 bath, 1,010 sqft single family home for sale at $224,900 in Brainerd MN 56401. At 20% down it rents for an estimated $1,775/mo and returns $169/mo a month at a 7.6% 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
- $1,775/mo
- Monthly cash flow
- $169/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.5%
- Max offer
- $209,500
Offer ≤ $209,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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