Pending saleSingle family
$119,900
1550 Minnesota Ave
Benson MN 56215
2 beds, 1.5 baths, 1,976 sqft
1550 Minnesota Ave is a 2 beds, 1.5 baths, 1,976 sqft single family home pending sale at $119,900 in Benson MN 56215. At 20% down it rents for an estimated $1,100/mo and returns $244/mo a month at a 9.1% 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
- $1,100/mo
- Monthly cash flow
- $244/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.2%
- Max offer
- $119,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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