For saleSingle family
$375,000
2465 Bobolink Rd
Long Lake MN 55356
3 beds, 2 baths, 1,135 sqft
2465 Bobolink Rd is a 3 beds, 2 baths, 1,135 sqft single family home for sale at $375,000 in Long Lake MN 55356. At 20% down it rents for an estimated $2,950/mo and returns $273/mo a month at a 7.5% 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
- $2,950/mo
- Monthly cash flow
- $273/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $348,000
Offer ≤ $348,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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