Pending saleSingle family
$224,800
2069 24th St SW
Pine River MN 56474
3 beds, 1 bath, 1,344 sqft
2069 24th St SW is a 3 beds, 1 bath, 1,344 sqft single family home pending sale at $224,800 in Pine River MN 56474. At 20% down it rents for an estimated $1,225/mo and returns -$380/mo a month at a 4.6% 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
- $1,225/mo
- Monthly cash flow
- -$380/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.1%
- Max offer
- $145,000
Offer ≤ $145,000 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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