For saleSingle family
$579,900
29470 Belgian Dr
Breezy Point MN 56472
4 beds, 3 baths, 2,702 sqft
29470 Belgian Dr is a 4 beds, 3 baths, 2,702 sqft single family home for sale at $579,900 in Breezy Point MN 56472. At 20% down it rents for an estimated $2,850/mo and returns -$1,290/mo a month at a 4.0% 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
- $2,850/mo
- Monthly cash flow
- -$1,290/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.3%
- Max offer
- $338,000
Offer ≤ $338,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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