For saleSingle family
$349,000
196 Hillcrest Ave
Spicer MN 56288
4 beds, 2.5 baths, 2,549 sqft
196 Hillcrest Ave is a 4 beds, 2.5 baths, 2,549 sqft single family home for sale at $349,000 in Spicer MN 56288. At 20% down it rents for an estimated $2,700/mo and returns $252/mo a month at a 7.4% 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
- $2,700/mo
- Monthly cash flow
- $252/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.3%
- Max offer
- $323,500
Offer ≤ $323,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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