For saleSingle family
$625,000
8057 Garfield St NE
Spring Lake Park MN 55432
5 beds, 3.5 baths, 4,131 sqft
8057 Garfield St NE is a 5 beds, 3.5 baths, 4,131 sqft single family home for sale at $625,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,600/mo and returns -$1,862/mo a month at a 3.1% 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
- $2,600/mo
- Monthly cash flow
- -$1,862/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.9%
- Max offer
- $308,500
Offer ≤ $308,500 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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