For saleSingle family
$255,000
621 S Garden St
Lake City MN 55041
3 beds, 2 baths, 1,942 sqft
621 S Garden St is a 3 beds, 2 baths, 1,942 sqft single family home for sale at $255,000 in Lake City MN 55041. At 20% down it rents for an estimated $2,100/mo and returns $312/mo a month at a 8.0% 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
- $2,100/mo
- Monthly cash flow
- $312/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.3%
- Max offer
- $251,500
Offer ≤ $251,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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