For saleSingle family
$599,900
29607 Kraemer Lake Rd
Saint Joseph MN 56374
4 beds, 2 baths, 1,932 sqft
29607 Kraemer Lake Rd is a 4 beds, 2 baths, 1,932 sqft single family home for sale at $599,900 in Saint Joseph MN 56374. At 20% down it rents for an estimated $1,550/mo and returns -$2,733/mo a month at a 1.2% 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
- $1,550/mo
- Monthly cash flow
- -$2,733/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.3%
- Max offer
- $185,500
Offer ≤ $185,500 (69% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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