For saleSingle family
$285,000
2089 2nd St
Lake Park MN 56554
3 beds, 1 bath, 1,210 sqft
2089 2nd St is a 3 beds, 1 bath, 1,210 sqft single family home for sale at $285,000 in Lake Park MN 56554. At 20% down it rents for an estimated $850/mo and returns -$1,185/mo a month at a 1.7% 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
- $850/mo
- Monthly cash flow
- -$1,185/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -24.9%
- Max offer
- $101,500
Offer ≤ $101,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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