For saleSingle family
$319,000
2509 Little Norway SE
Alexandria MN 56308
3 beds, 2 baths, 1,560 sqft
2509 Little Norway SE is a 3 beds, 2 baths, 1,560 sqft single family home for sale at $319,000 in Alexandria MN 56308. At 20% down it rents for an estimated $1,325/mo and returns -$952/mo a month at a 3.1% 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
- $1,325/mo
- Monthly cash flow
- -$952/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.9%
- Max offer
- $157,000
Offer ≤ $157,000 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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