For saleSingle family
$119,000
507 S 8th Ave
Virginia MN 55792
3 beds, 2 baths, 1,620 sqft
507 S 8th Ave is a 3 beds, 2 baths, 1,620 sqft single family home for sale at $119,000 in Virginia MN 55792. At 20% down it rents for an estimated $1,125/mo and returns $275/mo a month at a 9.4% 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
- $275/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.9%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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