For saleSingle family
$149,000
404 2nd Ave SW
Austin MN 55912
2 beds, 1 bath, 1,200 sqft
404 2nd Ave SW is a 2 beds, 1 bath, 1,200 sqft single family home for sale at $149,000 in Austin MN 55912. At 20% down it rents for an estimated $1,125/mo and returns $80/mo a month at a 7.2% 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
- $80/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $134,500
Offer ≤ $134,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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