For saleSingle family
$42,500
305 Garfield St S
Lake Benton MN 56149
2 beds, 1 bath, 950 sqft
305 Garfield St S is a 2 beds, 1 bath, 950 sqft single family home for sale at $42,500 in Lake Benton MN 56149. At 20% down it rents for an estimated $950/mo and returns $652/mo a month at a 24.9% 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
- $950/mo
- Monthly cash flow
- $652/mo
- Cap rate
- 24.9%
- Cash-on-cash
- 92.0%
- Max offer
- $42,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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