For saleSingle family
$441,990
2059 Norway Lane
Lino Lakes MN 55038
2 beds, 1,487 sqft
2059 Norway Lane is a 2 beds, 1,487 sqft single family home for sale at $441,990 in Lino Lakes MN 55038. At 20% down it rents for an estimated $2,275/mo and returns -$880/mo a month at a 4.3% 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
- $2,275/mo
- Monthly cash flow
- -$880/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.9%
- Max offer
- $269,500
Offer ≤ $269,500 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading