For saleSingle family
$388,990
703 Erickson Lane
Buffalo MN 55313
3 beds, 1,582 sqft
703 Erickson Lane is a 3 beds, 1,582 sqft single family home for sale at $388,990 in Buffalo MN 55313. At 20% down it rents for an estimated $2,125/mo and returns -$652/mo a month at a 4.7% 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
- $2,125/mo
- Monthly cash flow
- -$652/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -10.1%
- Max offer
- $251,500
Offer ≤ $251,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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