For saleCondo
$219,900
310 Fern St Apt 6
Big Lake MN 55309
2 beds, 1 bath, 1,230 sqft
310 Fern St Apt 6 is a 2 beds, 1 bath, 1,230 sqft condo home for sale at $219,900 in Big Lake MN 55309. At 20% down it rents for an estimated $1,800/mo and returns $70/mo a month at a 6.9% 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
- $1,800/mo
- Monthly cash flow
- $70/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $191,500
Offer ≤ $191,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.