For saleSingle family
$75,000
604 Atlantic Ave N
Herman MN 56248
3 beds, 1 bath, 1,348 sqft
604 Atlantic Ave N is a 3 beds, 1 bath, 1,348 sqft single family home for sale at $75,000 in Herman MN 56248. At 20% down it rents for an estimated $950/mo and returns $424/mo a month at a 13.3% 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
- $950/mo
- Monthly cash flow
- $424/mo
- Cap rate
- 13.3%
- Cash-on-cash
- 33.9%
- Max offer
- $75,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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