For saleSingle family
$207,900
2220 Spruce Dr Unit 1
Brainerd MN 56401
2 beds, 1 bath, 1,123 sqft
2220 Spruce Dr Unit 1 is a 2 beds, 1 bath, 1,123 sqft single family home for sale at $207,900 in Brainerd MN 56401. At 20% down it rents for an estimated $1,600/mo and returns $116/mo a month at a 7.3% 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
- $116/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $188,500
Offer ≤ $188,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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