For saleSingle family
$399,500
7694 89th Ave SE
Clear Lake MN 55319
4 beds, 2 baths, 3,054 sqft
7694 89th Ave SE is a 4 beds, 2 baths, 3,054 sqft single family home for sale at $399,500 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,450/mo and returns -$1,402/mo a month at a 2.5% 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
- $1,450/mo
- Monthly cash flow
- -$1,402/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -21.1%
- Max offer
- $172,500
Offer ≤ $172,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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