For saleSingle family
$280,000
1833 Joes Lake Rd SE
Cambridge MN 55008
3 beds, 1.5 baths, 1,700 sqft
1833 Joes Lake Rd SE is a 3 beds, 1.5 baths, 1,700 sqft single family home for sale at $280,000 in Cambridge MN 55008. At 20% down it rents for an estimated $2,300/mo and returns $301/mo a month at a 8.0% 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
- $2,300/mo
- Monthly cash flow
- $301/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $271,500
Offer ≤ $271,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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