For saleSingle family
$299,900
856 Maple St NE
Spring Lake Park MN 55432
2 beds, 2 baths, 1,616 sqft
856 Maple St NE is a 2 beds, 2 baths, 1,616 sqft single family home for sale at $299,900 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $1,350/mo and returns -$791/mo a month at a 3.5% 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
- $1,350/mo
- Monthly cash flow
- -$791/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.8%
- Max offer
- $160,000
Offer ≤ $160,000 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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