For saleSingle family
$54,200
112 New Jersey Ave W
Gilbert MN 55741
2 beds, 1 bath, 748 sqft
112 New Jersey Ave W is a 2 beds, 1 bath, 748 sqft single family home for sale at $54,200 in Gilbert MN 55741. At 20% down it rents for an estimated $975/mo and returns $588/mo a month at a 19.7% 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
- $975/mo
- Monthly cash flow
- $588/mo
- Cap rate
- 19.7%
- Cash-on-cash
- 65.1%
- Max offer
- $54,200
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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