For saleSingle family
$339,000
31016 Rainier Dr
Pequot Lakes MN 56472
4 beds, 2 baths, 1,800 sqft
31016 Rainier Dr is a 4 beds, 2 baths, 1,800 sqft single family home for sale at $339,000 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $2,850/mo and returns $430/mo a month at a 8.2% 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
- $2,850/mo
- Monthly cash flow
- $430/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.6%
- Max offer
- $336,000
Offer ≤ $336,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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