For saleSingle family
$119,500
2103 3rd Ave NE
Austin MN 55912
2 beds, 1 bath, 908 sqft
2103 3rd Ave NE is a 2 beds, 1 bath, 908 sqft single family home for sale at $119,500 in Austin MN 55912. At 20% down it rents for an estimated $1,150/mo and returns $312/mo a month at a 9.6% 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
- $1,150/mo
- Monthly cash flow
- $312/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 15.7%
- Max offer
- $119,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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