For saleTownhouse
$314,900
14022 Firewood Dr
Baxter MN 56425
2 beds, 2 baths, 1,726 sqft
14022 Firewood Dr is a 2 beds, 2 baths, 1,726 sqft townhouse home for sale at $314,900 in Baxter MN 56425. At 20% down it rents for an estimated $1,450/mo and returns -$954/mo a month at a 3.0% 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
- $1,450/mo
- Monthly cash flow
- -$954/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.2%
- Max offer
- $144,500
Offer ≤ $144,500 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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