For saleSingle family
$975,000
30718 Rice Creek Dr
Breezy Point MN 56472
5 beds, 3 baths, 3,688 sqft
30718 Rice Creek Dr is a 5 beds, 3 baths, 3,688 sqft single family home for sale at $975,000 in Breezy Point MN 56472. At 20% down it rents for an estimated $2,850/mo and returns -$4,110/mo a month at a 1.6% 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
- -$4,110/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.3%
- Max offer
- $340,500
Offer ≤ $340,500 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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