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 $1,000/mo and returns $147/mo a month at a 8.1% 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
- $1,000/mo
- Monthly cash flow
- $147/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.4%
- Max offer
- $118,000
Offer ≤ $118,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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