For saleSingle family
$199,000
313 1st Ave NE
Brainerd MN 56401
2 beds, 1 bath, 1,104 sqft
313 1st Ave NE is a 2 beds, 1 bath, 1,104 sqft single family home for sale at $199,000 in Brainerd MN 56401. At 20% down it rents for an estimated $1,450/mo and returns $54/mo a month at a 6.8% 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
- $1,450/mo
- Monthly cash flow
- $54/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $173,500
Offer ≤ $173,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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