For saleSingle family
$425,000
408 Garfield Ln
Lake Park MN 56554
3 beds, 2 baths, 1,654 sqft
408 Garfield Ln is a 3 beds, 2 baths, 1,654 sqft single family home for sale at $425,000 in Lake Park MN 56554. At 20% down it rents for an estimated $850/mo and returns -$2,184/mo a month at a 0.5% 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
- $850/mo
- Monthly cash flow
- -$2,184/mo
- Cap rate
- 0.5%
- Cash-on-cash
- -30.8%
- Max offer
- $102,000
Offer ≤ $102,000 (76% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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