For saleSingle family
$399,000
29860 Lofton Ave
Chisago City MN 55013
4 beds, 3 baths, 1,904 sqft
29860 Lofton Ave is a 4 beds, 3 baths, 1,904 sqft single family home for sale at $399,000 in Chisago City MN 55013. At 20% down it rents for an estimated $2,100/mo and returns -$748/mo a month at a 4.4% 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
- $2,100/mo
- Monthly cash flow
- -$748/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.3%
- Max offer
- $248,500
Offer ≤ $248,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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