For saleTownhouse
$420,000
7215 Irvine Ave NW Unit 10
Northern MN 56601
2 beds, 2 baths, 1,964 sqft
7215 Irvine Ave NW Unit 10 is a 2 beds, 2 baths, 1,964 sqft townhouse home for sale at $420,000 in Northern MN 56601. At 20% down it rents for an estimated $1,400/mo and returns -$1,736/mo a month at a 1.7% 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
- -$1,736/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -24.8%
- Max offer
- $135,000
Offer ≤ $135,000 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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