For saleSingle family
$185,000
113 Blace Ave
Eagle Lake MN 56024
3 beds, 1 bath, 1,244 sqft
113 Blace Ave is a 3 beds, 1 bath, 1,244 sqft single family home for sale at $185,000 in Eagle Lake MN 56024. At 20% down it rents for an estimated $1,650/mo and returns $352/mo a month at a 8.8% 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
- $1,650/mo
- Monthly cash flow
- $352/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.4%
- Max offer
- $185,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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