For saleSingle family
$225,000
512 2nd St SE
Glenwood MN 56334
3 beds, 1 bath, 1,260 sqft
512 2nd St SE is a 3 beds, 1 bath, 1,260 sqft single family home for sale at $225,000 in Glenwood MN 56334. At 20% down it rents for an estimated $1,700/mo and returns $122/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
- $1,700/mo
- Monthly cash flow
- $122/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.3%
- Max offer
- $203,500
Offer ≤ $203,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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