For saleMulti-family
$329,900
37597 Lakeview Dr
Warroad MN 56763
5 beds, 5 baths, 2,912 sqft
37597 Lakeview Dr is a 5 beds, 5 baths, 2,912 sqft multi-family home for sale at $329,900 in Warroad MN 56763. At 20% down it rents for an estimated $2,500/mo and returns $186/mo a month at a 7.2% 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
- $2,500/mo
- Monthly cash flow
- $186/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.4%
- Max offer
- $299,500
Offer ≤ $299,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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