For saleSingle family
$325,000
7859 Monroe St NE
Spring Lake Park MN 55432
4 beds, 2 baths, 1,948 sqft
7859 Monroe St NE is a 4 beds, 2 baths, 1,948 sqft single family home for sale at $325,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,450/mo and returns $130/mo a month at a 7.1% 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
- $2,450/mo
- Monthly cash flow
- $130/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.4%
- Max offer
- $289,000
Offer ≤ $289,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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