For saleSingle family
$109,900
22 S California Ave
Morris MN 56267
3 beds, 2 baths, 1,969 sqft
22 S California Ave is a 3 beds, 2 baths, 1,969 sqft single family home for sale at $109,900 in Morris MN 56267. At 20% down it rents for an estimated $1,250/mo and returns $465/mo a month at a 11.7% 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
- $1,250/mo
- Monthly cash flow
- $465/mo
- Cap rate
- 11.7%
- Cash-on-cash
- 25.4%
- Max offer
- $109,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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