For saleSingle family
$315,000
4980 Mitchell Rd
Big Lake MN 55309
5 beds, 2 baths, 2,254 sqft
4980 Mitchell Rd is a 5 beds, 2 baths, 2,254 sqft single family home for sale at $315,000 in Big Lake MN 55309. At 20% down it rents for an estimated $2,625/mo and returns $376/mo a month at a 8.1% 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
- $2,625/mo
- Monthly cash flow
- $376/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $309,500
Offer ≤ $309,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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