For saleSingle family
$169,000
515 Carr Lake Rd SE
Bemidji MN 56601
4 beds, 2 baths, 1,300 sqft
515 Carr Lake Rd SE is a 4 beds, 2 baths, 1,300 sqft single family home for sale at $169,000 in Bemidji MN 56601. At 20% down it rents for an estimated $1,600/mo and returns $394/mo a month at a 9.5% 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
- $1,600/mo
- Monthly cash flow
- $394/mo
- Cap rate
- 9.5%
- Cash-on-cash
- 14.0%
- Max offer
- $169,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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