For saleSingle family
$114,900
306 2nd Ave NE
Glenwood MN 56334
2 beds, 1 bath, 808 sqft
306 2nd Ave NE is a 2 beds, 1 bath, 808 sqft single family home for sale at $114,900 in Glenwood MN 56334. At 20% down it rents for an estimated $900/mo and returns $94/mo a month at a 7.5% 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
- $900/mo
- Monthly cash flow
- $94/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.9%
- Max offer
- $107,500
Offer ≤ $107,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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