Pending saleSingle family
$375,000
543 Westby Dr NE
Spring Lake Park MN 55432
4 beds, 2 baths, 1,950 sqft
543 Westby Dr NE is a 4 beds, 2 baths, 1,950 sqft single family home pending sale at $375,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,600/mo and returns -$77/mo a month at a 6.4% 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
- $2,600/mo
- Monthly cash flow
- -$77/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -1.2%
- Max offer
- $307,000
Offer ≤ $307,000 (18% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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