For saleTownhouse
$139,900
2286 28th Ave SW Apt 203
Pine River MN 56474
2 beds, 1.5 baths, 940 sqft
2286 28th Ave SW Apt 203 is a 2 beds, 1.5 baths, 940 sqft townhouse home for sale at $139,900 in Pine River MN 56474. At 20% down it rents for an estimated $1,125/mo and returns -$60/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
- $1,125/mo
- Monthly cash flow
- -$60/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.6%
- Max offer
- $109,000
Offer ≤ $109,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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