ContingentSingle family
$329,900
31591 Summer Dr
Breezy Point MN 56472
3 beds, 2 baths, 1,278 sqft
31591 Summer Dr is a 3 beds, 2 baths, 1,278 sqft single family home contingent at $329,900 in Breezy Point MN 56472. At 20% down it rents for an estimated $2,400/mo and returns $45/mo a month at a 6.8% 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
- $2,400/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.8%
- Max offer
- $283,500
Offer ≤ $283,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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