For saleTownhouse
$250,000
371 Phyllis St
Big Lake MN 55309
2 beds, 1 bath, 1,250 sqft
371 Phyllis St is a 2 beds, 1 bath, 1,250 sqft townhouse home for sale at $250,000 in Big Lake MN 55309. At 20% down it rents for an estimated $1,725/mo and returns -$195/mo a month at a 5.7% 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
- $1,725/mo
- Monthly cash flow
- -$195/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.7%
- Max offer
- $184,500
Offer ≤ $184,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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