For saleSingle family
$259,900
724 1st St N
Waterville MN 56096
3 beds, 1.5 baths, 1,292 sqft
724 1st St N is a 3 beds, 1.5 baths, 1,292 sqft single family home for sale at $259,900 in Waterville MN 56096. At 20% down it rents for an estimated $2,000/mo and returns $177/mo a month at a 7.3% 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
- $2,000/mo
- Monthly cash flow
- $177/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $239,500
Offer ≤ $239,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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