For saleSingle family
$499,000
5038 Morris Thomas Rd
Hermantown MN 55811
3 beds, 2 baths, 2,292 sqft
5038 Morris Thomas Rd is a 3 beds, 2 baths, 2,292 sqft single family home for sale at $499,000 in Hermantown MN 55811. At 20% down it rents for an estimated $2,400/mo and returns -$1,162/mo a month at a 3.9% 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
- $2,400/mo
- Monthly cash flow
- -$1,162/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.0%
- Max offer
- $284,500
Offer ≤ $284,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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