For saleSingle family
$275,000
309 5th Ave SE
Melrose MN 56352
5 beds, 3.5 baths, 3,127 sqft
309 5th Ave SE is a 5 beds, 3.5 baths, 3,127 sqft single family home for sale at $275,000 in Melrose MN 56352. At 20% down it rents for an estimated $2,600/mo and returns $671/mo a month at a 9.4% 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
- $2,600/mo
- Monthly cash flow
- $671/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.6%
- Max offer
- $275,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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