For saleSingle family
$179,900
114 3rd Ave NE
Brainerd MN 56401
2 beds, 1 bath, 933 sqft
114 3rd Ave NE is a 2 beds, 1 bath, 933 sqft single family home for sale at $179,900 in Brainerd MN 56401. At 20% down it rents for an estimated $1,600/mo and returns $316/mo a month at a 8.8% 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
- $1,600/mo
- Monthly cash flow
- $316/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.5%
- Max offer
- $179,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading