For saleSingle family
$199,900
205 1st Ave NE
Brainerd MN 56401
3 beds, 1.5 baths, 1,398 sqft
205 1st Ave NE is a 3 beds, 1.5 baths, 1,398 sqft single family home for sale at $199,900 in Brainerd MN 56401. At 20% down it rents for an estimated $1,625/mo and returns $223/mo a month at a 7.9% 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
- $1,625/mo
- Monthly cash flow
- $223/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.7%
- Max offer
- $194,500
Offer ≤ $194,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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