For saleTownhouse
$309,900
2117 Cleveland Ln S
Cambridge MN 55008
4 beds, 2.5 baths, 2,260 sqft
2117 Cleveland Ln S is a 4 beds, 2.5 baths, 2,260 sqft townhouse home for sale at $309,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,575/mo and returns $236/mo a month at a 7.6% 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
- $2,575/mo
- Monthly cash flow
- $236/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $287,500
Offer ≤ $287,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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