For saleSingle family
$171,700
1201 Clear Lake Dr
Waseca MN 56093
2 beds, 2 baths, 918 sqft
1201 Clear Lake Dr is a 2 beds, 2 baths, 918 sqft single family home for sale at $171,700 in Waseca MN 56093. At 20% down it rents for an estimated $1,125/mo and returns -$101/mo a month at a 6.0% 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
- $1,125/mo
- Monthly cash flow
- -$101/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.5%
- Max offer
- $133,000
Offer ≤ $133,000 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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