For saleSingle family
$550,000
16818 233rd Ave NW
Big Lake MN 55309
3 beds, 2.5 baths, 2,408 sqft
16818 233rd Ave NW is a 3 beds, 2.5 baths, 2,408 sqft single family home for sale at $550,000 in Big Lake MN 55309. At 20% down it rents for an estimated $1,950/mo and returns -$1,976/mo a month at a 2.4% 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
- $1,950/mo
- Monthly cash flow
- -$1,976/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.6%
- Max offer
- $232,000
Offer ≤ $232,000 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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