For saleSingle family
$425,000
616 Elm Ave SE
Montgomery MN 56069
3 beds, 2 baths, 3,085 sqft
616 Elm Ave SE is a 3 beds, 2 baths, 3,085 sqft single family home for sale at $425,000 in Montgomery MN 56069. At 20% down it rents for an estimated $1,125/mo and returns -$1,909/mo a month at a 1.3% 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
- $1,125/mo
- Monthly cash flow
- -$1,909/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -27.0%
- Max offer
- $134,500
Offer ≤ $134,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading