For saleSingle family
$199,900
214 W Minnesota St
Saint Joseph MN 56374
4 beds, 1 bath, 1,221 sqft
214 W Minnesota St is a 4 beds, 1 bath, 1,221 sqft single family home for sale at $199,900 in Saint Joseph MN 56374. At 20% down it rents for an estimated $1,550/mo and returns $123/mo a month at a 7.4% 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
- $1,550/mo
- Monthly cash flow
- $123/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $183,000
Offer ≤ $183,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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