For saleSingle family
$180,000
464 Ormsbee St
Big Lake MN 55309
4 beds, 2 baths, 2,208 sqft
464 Ormsbee St is a 4 beds, 2 baths, 2,208 sqft single family home for sale at $180,000 in Big Lake MN 55309. At 20% down it rents for an estimated $2,350/mo and returns $1,065/mo a month at a 13.8% 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
- $2,350/mo
- Monthly cash flow
- $1,065/mo
- Cap rate
- 13.8%
- Cash-on-cash
- 35.5%
- Max offer
- $180,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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