For saleSingle family
$119,000
212 Central Ave N
Park Rapids MN 56470
1 bed, 1 bath
212 Central Ave N is a 1 bed, 1 bath single family home for sale at $119,000 in Park Rapids MN 56470. At 20% down it rents for an estimated $900/mo and returns $65/mo a month at a 7.2% 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
- $900/mo
- Monthly cash flow
- $65/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.3%
- Max offer
- $107,500
Offer ≤ $107,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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