Pending saleSingle family
$359,900
7801 Monroe St NE
Spring Lake Park MN 55432
3 beds, 2 baths, 1,820 sqft
7801 Monroe St NE is a 3 beds, 2 baths, 1,820 sqft single family home pending sale at $359,900 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,075/mo and returns -$494/mo a month at a 5.0% 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
- $2,075/mo
- Monthly cash flow
- -$494/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $245,500
Offer ≤ $245,500 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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