For saleSingle family
$274,988
717 81st Ave NE
Spring Lake Park MN 55432
3 beds, 2 baths, 1,654 sqft
717 81st Ave NE is a 3 beds, 2 baths, 1,654 sqft single family home for sale at $274,988 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,075/mo and returns $112/mo a month at a 7.2% 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
- $2,075/mo
- Monthly cash flow
- $112/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.4%
- Max offer
- $245,000
Offer ≤ $245,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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