For saleTownhouse
$299,900
2119 Cleveland Ln S
Cambridge MN 55008
4 beds, 3 baths, 2,323 sqft
2119 Cleveland Ln S is a 4 beds, 3 baths, 2,323 sqft townhouse home for sale at $299,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,575/mo and returns $295/mo a month at a 7.8% 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
- $295/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.9%
- Max offer
- $286,500
Offer ≤ $286,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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