For saleSingle family
$250,000
8455 Terrace Rd NE
Spring Lake Park MN 55432
2 beds, 2 baths, 214 sqft
8455 Terrace Rd NE is a 2 beds, 2 baths, 214 sqft single family home for sale at $250,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $1,350/mo and returns -$435/mo a month at a 4.6% 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
- $1,350/mo
- Monthly cash flow
- -$435/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.4%
- Max offer
- $159,500
Offer ≤ $159,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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