For saleSingle family
$500,000
204 Ridge Dr
Brainerd MN 56401
4 beds, 3 baths, 3,367 sqft
204 Ridge Dr is a 4 beds, 3 baths, 3,367 sqft single family home for sale at $500,000 in Brainerd MN 56401. At 20% down it rents for an estimated $2,650/mo and returns -$919/mo a month at a 4.5% 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
- $2,650/mo
- Monthly cash flow
- -$919/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -11.0%
- Max offer
- $314,000
Offer ≤ $314,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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