For saleSingle family
$120,000
402 W 8th St
Morris MN 56267
2 beds, 1 bath, 936 sqft
402 W 8th St is a 2 beds, 1 bath, 936 sqft single family home for sale at $120,000 in Morris MN 56267. At 20% down it rents for an estimated $1,125/mo and returns $268/mo a month at a 9.3% 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
- $1,125/mo
- Monthly cash flow
- $268/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.4%
- Max offer
- $120,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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