For saleSingle family
$369,000
1008 Mulberry Ave NE
Montgomery MN 56069
5 beds, 3 baths, 2,416 sqft
1008 Mulberry Ave NE is a 5 beds, 3 baths, 2,416 sqft single family home for sale at $369,000 in Montgomery MN 56069. At 20% down it rents for an estimated $1,400/mo and returns -$1,234/mo a month at a 2.7% 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
- $1,400/mo
- Monthly cash flow
- -$1,234/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -20.1%
- Max offer
- $166,500
Offer ≤ $166,500 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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