For saleSingle family
$359,900
517 1st St S
Waterville MN 56096
4 beds, 2 baths, 2,288 sqft
517 1st St S is a 4 beds, 2 baths, 2,288 sqft single family home for sale at $359,900 in Waterville MN 56096. At 20% down it rents for an estimated $1,975/mo and returns -$594/mo a month at a 4.7% 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
- $1,975/mo
- Monthly cash flow
- -$594/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.9%
- Max offer
- $233,500
Offer ≤ $233,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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