Pending saleTownhouse
$149,900
2286 28th Ave SW Apt 504
Pine River MN 56474
2 beds, 2 baths, 1,065 sqft
2286 28th Ave SW Apt 504 is a 2 beds, 2 baths, 1,065 sqft townhouse home pending sale at $149,900 in Pine River MN 56474. At 20% down it rents for an estimated $1,125/mo and returns -$126/mo a month at a 5.7% 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
- $1,125/mo
- Monthly cash flow
- -$126/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -5.1%
- Max offer
- $109,000
Offer ≤ $109,000 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading