For saleSingle family
$429,900
7849 Monroe St NE
Spring Lake Park MN 55432
4 beds, 3 baths, 2,644 sqft
7849 Monroe St NE is a 4 beds, 3 baths, 2,644 sqft single family home for sale at $429,900 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,450/mo and returns -$619/mo a month at a 4.9% 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
- $2,450/mo
- Monthly cash flow
- -$619/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.6%
- Max offer
- $290,000
Offer ≤ $290,000 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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