For saleSingle family
$2,595,000
1310 Spruce Pl
Orono MN 55364
3 beds, 3.5 baths, 3,014 sqft
1310 Spruce Pl is a 3 beds, 3.5 baths, 3,014 sqft single family home for sale at $2,595,000 in Orono MN 55364. At 20% down it rents for an estimated $3,000/mo and returns -$15,525/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
- $3,000/mo
- Monthly cash flow
- -$15,525/mo
- Cap rate
- -0.5%
- Cash-on-cash
- -35.9%
- Max offer
- $363,500
Offer ≤ $363,500 (86% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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