For saleSingle family
$190,000
903 SW 2nd St
Madelia MN 56062
3 beds, 2 baths, 1,491 sqft
903 SW 2nd St is a 3 beds, 2 baths, 1,491 sqft single family home for sale at $190,000 in Madelia MN 56062. At 20% down it rents for an estimated $1,600/mo and returns $267/mo a month at a 8.2% 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
- $1,600/mo
- Monthly cash flow
- $267/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 8.4%
- Max offer
- $190,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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