For saleSingle family
$290,000
702 2nd Ave NE
Saint Joseph MN 56374
2 beds, 2 baths, 900 sqft
702 2nd Ave NE is a 2 beds, 2 baths, 900 sqft single family home for sale at $290,000 in Saint Joseph MN 56374. At 20% down it rents for an estimated $1,750/mo and returns -$320/mo a month at a 5.3% 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
- $1,750/mo
- Monthly cash flow
- -$320/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.6%
- Max offer
- $207,000
Offer ≤ $207,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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