For saleSingle family
$519,000
604 Pine Needle Dr
Perham MN 56573
3 beds, 4 baths, 4,494 sqft
604 Pine Needle Dr is a 3 beds, 4 baths, 4,494 sqft single family home for sale at $519,000 in Perham MN 56573. At 20% down it rents for an estimated $2,500/mo and returns -$1,205/mo a month at a 3.9% 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
- $2,500/mo
- Monthly cash flow
- -$1,205/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.9%
- Max offer
- $296,500
Offer ≤ $296,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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