For saleSingle family
$226,200
324 2nd Ave NW
Aitkin MN 56431
4 beds, 2 baths, 1,675 sqft
324 2nd Ave NW is a 4 beds, 2 baths, 1,675 sqft single family home for sale at $226,200 in Aitkin MN 56431. At 20% down it rents for an estimated $1,425/mo and returns -$190/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
- $1,425/mo
- Monthly cash flow
- -$190/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -5.0%
- Max offer
- $168,500
Offer ≤ $168,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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