For saleSingle family
$175,000
316 W 2nd St
Madison MN 56256
3 beds, 2 baths, 2,016 sqft
316 W 2nd St is a 3 beds, 2 baths, 2,016 sqft single family home for sale at $175,000 in Madison MN 56256. At 20% down it rents for an estimated $1,400/mo and returns $173/mo a month at a 7.7% 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
- $1,400/mo
- Monthly cash flow
- $173/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $167,500
Offer ≤ $167,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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