For saleSingle family
$265,000
855 3rd Ave S
Waite Park MN 56387
4 beds, 1 bath, 1,473 sqft
855 3rd Ave S is a 4 beds, 1 bath, 1,473 sqft single family home for sale at $265,000 in Waite Park MN 56387. At 20% down it rents for an estimated $2,200/mo and returns $308/mo a month at a 8.1% 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
- $2,200/mo
- Monthly cash flow
- $308/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $259,500
Offer ≤ $259,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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