For saleSingle family
$350,000
3287 Spruce Trl SW
Prior Lake MN 55372
4 beds, 3 baths, 2,080 sqft
3287 Spruce Trl SW is a 4 beds, 3 baths, 2,080 sqft single family home for sale at $350,000 in Prior Lake MN 55372. At 20% down it rents for an estimated $2,700/mo and returns $201/mo a month at a 7.4% 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
- $2,700/mo
- Monthly cash flow
- $201/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $318,500
Offer ≤ $318,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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