For saleSingle family
$284,900
31060 Pine St
Pequot Lakes MN 56472
3 beds, 1 bath, 1,328 sqft
31060 Pine St is a 3 beds, 1 bath, 1,328 sqft single family home for sale at $284,900 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $2,400/mo and returns $366/mo a month at a 8.2% 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
- $2,400/mo
- Monthly cash flow
- $366/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.7%
- Max offer
- $283,000
Offer ≤ $283,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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