For saleSingle family

$124,500

1204 2nd Ave NW

Austin MN 55912

3 beds, 1 bath, 1,232 sqft

1204 2nd Ave NW is a 3 beds, 1 bath, 1,232 sqft single family home for sale at $124,500 in Austin MN 55912. At 20% down it rents for an estimated $1,300/mo and returns $427/mo a month at a 10.6% 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
$427/mo
Cap rate
10.6%
Cash-on-cash
20.6%
Max offer
$124,500

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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