Pending saleSingle family
$369,900
86 Balsam Ln
Madison Lake MN 56063
3 beds, 2 baths, 1,664 sqft
86 Balsam Ln is a 3 beds, 2 baths, 1,664 sqft single family home pending sale at $369,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,575/mo and returns -$1,066/mo a month at a 3.2% 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
- $1,575/mo
- Monthly cash flow
- -$1,066/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.3%
- Max offer
- $187,000
Offer ≤ $187,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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