For saleSingle family
$189,900
2050 2nd St
Lake Park MN 56554
3 beds, 2 baths, 1,984 sqft
2050 2nd St is a 3 beds, 2 baths, 1,984 sqft single family home for sale at $189,900 in Lake Park MN 56554. At 20% down it rents for an estimated $850/mo and returns -$506/mo a month at a 3.5% 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
- -$506/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -16.0%
- Max offer
- $100,500
Offer ≤ $100,500 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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