For saleSingle family
$199,900
505 2nd St NW
Waseca MN 56093
4 beds, 2 baths, 1,288 sqft
505 2nd St NW is a 4 beds, 2 baths, 1,288 sqft single family home for sale at $199,900 in Waseca MN 56093. At 20% down it rents for an estimated $1,350/mo and returns -$77/mo a month at a 6.2% 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
- $1,350/mo
- Monthly cash flow
- -$77/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.3%
- Max offer
- $159,500
Offer ≤ $159,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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