For saleSingle family
$279,900
402 Second St SE
Melrose MN 56352
9 beds, 3 baths, 5,686 sqft
402 Second St SE is a 9 beds, 3 baths, 5,686 sqft single family home for sale at $279,900 in Melrose MN 56352. At 20% down it rents for an estimated $3,075/mo and returns $1,112/mo a month at a 11.3% 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
- $3,075/mo
- Monthly cash flow
- $1,112/mo
- Cap rate
- 11.3%
- Cash-on-cash
- 23.8%
- Max offer
- $279,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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