For saleSingle family
$650,000
1101 Goose Lake Rd
Gem Lake MN 55110
2 beds, 1 bath, 1,264 sqft
1101 Goose Lake Rd is a 2 beds, 1 bath, 1,264 sqft single family home for sale at $650,000 in Gem Lake MN 55110. At 20% down it rents for an estimated $2,075/mo and returns -$2,565/mo a month at a 1.9% 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
- $2,075/mo
- Monthly cash flow
- -$2,565/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.7%
- Max offer
- $247,500
Offer ≤ $247,500 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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