For saleSingle family
$179,000
1126 Linden Ln
Detroit Lakes MN 56501
2 beds, 2 baths, 984 sqft
1126 Linden Ln is a 2 beds, 2 baths, 984 sqft single family home for sale at $179,000 in Detroit Lakes MN 56501. At 20% down it rents for an estimated $1,375/mo and returns $120/mo a month at a 7.3% 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
- $1,375/mo
- Monthly cash flow
- $120/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.0%
- Max offer
- $164,500
Offer ≤ $164,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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