For saleSingle family
$400,000
2199 Long Lake Rd
New Brighton MN 55112
3 beds, 2 baths, 2,014 sqft
2199 Long Lake Rd is a 3 beds, 2 baths, 2,014 sqft single family home for sale at $400,000 in New Brighton MN 55112. At 20% down it rents for an estimated $1,950/mo and returns -$906/mo a month at a 3.9% 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
- $1,950/mo
- Monthly cash flow
- -$906/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.6%
- Max offer
- $231,000
Offer ≤ $231,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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