For saleSingle family
$289,000
301 Lakeview Dr
Lake Park MN 56554
4 beds, 2 baths, 2,400 sqft
301 Lakeview Dr is a 4 beds, 2 baths, 2,400 sqft single family home for sale at $289,000 in Lake Park MN 56554. At 20% down it rents for an estimated $2,250/mo and returns $223/mo a month at a 7.4% 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
- $2,250/mo
- Monthly cash flow
- $223/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $269,500
Offer ≤ $269,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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