For saleSingle family
$480,000
2225 Tart Lake Rd
Hugo MN 55038
5 beds, 3 baths, 2,362 sqft
2225 Tart Lake Rd is a 5 beds, 3 baths, 2,362 sqft single family home for sale at $480,000 in Hugo MN 55038. At 20% down it rents for an estimated $3,600/mo and returns $233/mo a month at a 7.1% 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
- $3,600/mo
- Monthly cash flow
- $233/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $431,000
Offer ≤ $431,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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