For saleSingle family
$132,500
1014 N 8th Ave
Saint James MN 56081
3 beds, 1.5 baths, 2,160 sqft
1014 N 8th Ave is a 3 beds, 1.5 baths, 2,160 sqft single family home for sale at $132,500 in Saint James MN 56081. At 20% down it rents for an estimated $1,000/mo and returns $71/mo a month at a 7.2% 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
- $1,000/mo
- Monthly cash flow
- $71/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $119,500
Offer ≤ $119,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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