For saleSingle family
$700,000
1001 Lakeshore Dr
Big Lake MN 55309
3 beds, 3 baths, 2,787 sqft
1001 Lakeshore Dr is a 3 beds, 3 baths, 2,787 sqft single family home for sale at $700,000 in Big Lake MN 55309. At 20% down it rents for an estimated $1,950/mo and returns -$3,047/mo a month at a 1.4% 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
- $1,950/mo
- Monthly cash flow
- -$3,047/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.1%
- Max offer
- $233,000
Offer ≤ $233,000 (67% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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