For saleSingle family
$599,900
344 NE 1st St
Belle Plaine MN 56011
3 beds, 2 baths, 1,760 sqft
344 NE 1st St is a 3 beds, 2 baths, 1,760 sqft single family home for sale at $599,900 in Belle Plaine MN 56011. At 20% down it rents for an estimated $1,625/mo and returns -$2,658/mo a month at a 1.4% 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
- $1,625/mo
- Monthly cash flow
- -$2,658/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.6%
- Max offer
- $194,000
Offer ≤ $194,000 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading