For saleSingle family
$99,900
602 Main Ave S
Park Rapids MN 56470
2 baths, 4,320 sqft
602 Main Ave S is a 2 baths, 4,320 sqft single family home for sale at $99,900 in Park Rapids MN 56470. At 20% down it rents for an estimated $675/mo and returns -$38/mo a month at a 6.2% 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
- $675/mo
- Monthly cash flow
- -$38/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.3%
- Max offer
- $79,500
Offer ≤ $79,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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