For saleSingle family
$174,000
633 Stearns Ave
Paynesville MN 56362
3 beds, 1.5 baths, 1,592 sqft
633 Stearns Ave is a 3 beds, 1.5 baths, 1,592 sqft single family home for sale at $174,000 in Paynesville MN 56362. At 20% down it rents for an estimated $1,300/mo and returns $80/mo a month at a 7.1% 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
- $1,300/mo
- Monthly cash flow
- $80/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.7%
- Max offer
- $155,500
Offer ≤ $155,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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