For saleSingle family
$194,000
924 3rd Ave NE
Brainerd MN 56401
2 beds, 1.5 baths, 1,000 sqft
924 3rd Ave NE is a 2 beds, 1.5 baths, 1,000 sqft single family home for sale at $194,000 in Brainerd MN 56401. At 20% down it rents for an estimated $1,450/mo and returns $89/mo a month at a 7.1% 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
- $1,450/mo
- Monthly cash flow
- $89/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.8%
- Max offer
- $173,500
Offer ≤ $173,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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