Pending saleSingle family
$895,000
28885 Park Pl
Chisago City MN 55013
3 beds, 3.5 baths, 3,296 sqft
28885 Park Pl is a 3 beds, 3.5 baths, 3,296 sqft single family home pending sale at $895,000 in Chisago City MN 55013. At 20% down it rents for an estimated $1,625/mo and returns -$4,764/mo a month at a 0.3% 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
- $1,625/mo
- Monthly cash flow
- -$4,764/mo
- Cap rate
- 0.3%
- Cash-on-cash
- -31.9%
- Max offer
- $196,000
Offer ≤ $196,000 (78% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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