For saleSingle family
$231,900
712 Meadowlark Dr SW
Alexandria MN 56308
3 beds, 1.5 baths, 1,440 sqft
712 Meadowlark Dr SW is a 3 beds, 1.5 baths, 1,440 sqft single family home for sale at $231,900 in Alexandria MN 56308. At 20% down it rents for an estimated $1,725/mo and returns $99/mo a month at a 7.0% 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
- $99/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.5%
- Max offer
- $206,500
Offer ≤ $206,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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