For saleSingle family

$145,000

513 3rd St SE

Willmar MN 56201

3 beds, 1 bath, 1,470 sqft

513 3rd St SE is a 3 beds, 1 bath, 1,470 sqft single family home for sale at $145,000 in Willmar MN 56201. At 20% down it rents for an estimated $1,075/mo and returns $58/mo a month at a 7.0% 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
$1,075/mo
Monthly cash flow
$58/mo
Cap rate
7.0%
Cash-on-cash
2.4%
Max offer
$128,500

Offer ≤ $128,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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