For saleSingle family
$255,000
312 2nd St N
Delano MN 55328
3 beds, 1 bath, 1,504 sqft
312 2nd St N is a 3 beds, 1 bath, 1,504 sqft single family home for sale at $255,000 in Delano MN 55328. At 20% down it rents for an estimated $2,000/mo and returns $212/mo a month at a 7.5% 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
- $2,000/mo
- Monthly cash flow
- $212/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 5.0%
- Max offer
- $239,500
Offer ≤ $239,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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