For saleCondo
$159,900
31018 Rasmussen Rd Apt 101
Pequot Lakes MN 56472
1 bed, 1 bath, 960 sqft
31018 Rasmussen Rd Apt 101 is a 1 bed, 1 bath, 960 sqft condo home for sale at $159,900 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $1,525/mo and returns $105/mo a month at a 7.5% 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
- $1,525/mo
- Monthly cash flow
- $105/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 3.9%
- Max offer
- $146,000
Offer ≤ $146,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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