For saleSingle family
$309,000
1600 16th Ave SW
Austin MN 55912
4 beds, 2 baths, 1,680 sqft
1600 16th Ave SW is a 4 beds, 2 baths, 1,680 sqft single family home for sale at $309,000 in Austin MN 55912. At 20% down it rents for an estimated $1,475/mo and returns -$731/mo a month at a 3.8% 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
- $1,475/mo
- Monthly cash flow
- -$731/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.2%
- Max offer
- $174,500
Offer ≤ $174,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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