For saleSingle family
$445,000
5118 Otter Lake Rd
White Bear Lake MN 55110
3 beds, 2 baths, 1,589 sqft
5118 Otter Lake Rd is a 3 beds, 2 baths, 1,589 sqft single family home for sale at $445,000 in White Bear Lake MN 55110. At 20% down it rents for an estimated $2,800/mo and returns -$377/mo a month at a 5.7% 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
- $2,800/mo
- Monthly cash flow
- -$377/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -5.1%
- Max offer
- $331,000
Offer ≤ $331,000 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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