For saleSingle family
$194,900
416 E Division St
Elbow Lake MN 56531
4 beds, 1.5 baths, 2,340 sqft
416 E Division St is a 4 beds, 1.5 baths, 2,340 sqft single family home for sale at $194,900 in Elbow Lake MN 56531. At 20% down it rents for an estimated $1,950/mo and returns $583/mo a month at a 10.1% 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
- $1,950/mo
- Monthly cash flow
- $583/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.9%
- Max offer
- $194,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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