For saleSingle family
$180,000
1223 Litchfield Ave SW
Willmar MN 56201
3 beds, 1.5 baths, 1,064 sqft
1223 Litchfield Ave SW is a 3 beds, 1.5 baths, 1,064 sqft single family home for sale at $180,000 in Willmar MN 56201. At 20% down it rents for an estimated $1,500/mo and returns $215/mo a month at a 8.1% 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
- $1,500/mo
- Monthly cash flow
- $215/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $177,000
Offer ≤ $177,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading