For saleSingle family
$219,900
115 7th Ave SE
Elbow Lake MN 56531
4 beds, 2.5 baths, 2,808 sqft
115 7th Ave SE is a 4 beds, 2.5 baths, 2,808 sqft single family home for sale at $219,900 in Elbow Lake MN 56531. At 20% down it rents for an estimated $1,950/mo and returns $408/mo a month at a 8.7% 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
- $1,950/mo
- Monthly cash flow
- $408/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 11.1%
- Max offer
- $219,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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