For saleSingle family
$249,900
326 Lake Ave
Cloquet MN 55720
4 beds, 1 bath, 1,206 sqft
326 Lake Ave is a 4 beds, 1 bath, 1,206 sqft single family home for sale at $249,900 in Cloquet MN 55720. At 20% down it rents for an estimated $2,025/mo and returns $272/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
- $2,025/mo
- Monthly cash flow
- $272/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.5%
- Max offer
- $242,500
Offer ≤ $242,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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