For saleTownhouse
$285,000
160 Cardinal Ln
Clearwater MN 55320
2 beds, 2 baths, 1,420 sqft
160 Cardinal Ln is a 2 beds, 2 baths, 1,420 sqft townhouse home for sale at $285,000 in Clearwater MN 55320. At 20% down it rents for an estimated $1,175/mo and returns -$894/mo a month at a 2.9% 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
- $1,175/mo
- Monthly cash flow
- -$894/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.8%
- Max offer
- $127,000
Offer ≤ $127,000 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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