For saleSingle family
$224,900
216 2nd Ave N
Waite Park MN 56387
3 beds, 2 baths, 1,996 sqft
216 2nd Ave N is a 3 beds, 2 baths, 1,996 sqft single family home for sale at $224,900 in Waite Park MN 56387. At 20% down it rents for an estimated $1,300/mo and returns -$306/mo a month at a 5.0% 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
- $1,300/mo
- Monthly cash flow
- -$306/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $153,500
Offer ≤ $153,500 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading