For saleSingle family
$599,900
4633 Midway Rd
Hermantown MN 55811
4 beds, 2 baths, 2,402 sqft
4633 Midway Rd is a 4 beds, 2 baths, 2,402 sqft single family home for sale at $599,900 in Hermantown MN 55811. At 20% down it rents for an estimated $2,175/mo and returns -$2,108/mo a month at a 2.5% 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
- $2,175/mo
- Monthly cash flow
- -$2,108/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -21.1%
- Max offer
- $258,500
Offer ≤ $258,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading