For saleCondo
$199,000
2923 32nd St S
Moorhead MN 56560
2 beds, 2 baths, 1,187 sqft
2923 32nd St S is a 2 beds, 2 baths, 1,187 sqft condo home for sale at $199,000 in Moorhead MN 56560. At 20% down it rents for an estimated $1,700/mo and returns $161/mo a month at a 7.6% 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
- $1,700/mo
- Monthly cash flow
- $161/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $186,000
Offer ≤ $186,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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