For saleSingle family
$225,000
40 2nd Ave SE
Aitkin MN 56431
5 beds, 2 baths, 2,546 sqft
40 2nd Ave SE is a 5 beds, 2 baths, 2,546 sqft single family home for sale at $225,000 in Aitkin MN 56431. At 20% down it rents for an estimated $1,475/mo and returns -$131/mo a month at a 6.0% 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
- $1,475/mo
- Monthly cash flow
- -$131/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.5%
- Max offer
- $174,000
Offer ≤ $174,000 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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