For saleSingle family
$275,000
721 1st St N
Waterville MN 56096
3 beds, 1.5 baths, 1,356 sqft
721 1st St N is a 3 beds, 1.5 baths, 1,356 sqft single family home for sale at $275,000 in Waterville MN 56096. At 20% down it rents for an estimated $2,000/mo and returns $71/mo a month at a 6.8% 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
- $71/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $239,500
Offer ≤ $239,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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