For saleSingle family
$124,700
4808 132nd Ave NE Unit 3
Spicer MN 56288
1 bed, 1 bath, 596 sqft
4808 132nd Ave NE Unit 3 is a 1 bed, 1 bath, 596 sqft single family home for sale at $124,700 in Spicer MN 56288. At 20% down it rents for an estimated $975/mo and returns $100/mo a month at a 7.5% 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
- $975/mo
- Monthly cash flow
- $100/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.8%
- Max offer
- $116,500
Offer ≤ $116,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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