For saleCondo
$459,900
3753 Keene Creek Ln
Hermantown MN 55811
3 beds, 2.5 baths, 2,640 sqft
3753 Keene Creek Ln is a 3 beds, 2.5 baths, 2,640 sqft condo home for sale at $459,900 in Hermantown MN 55811. At 20% down it rents for an estimated $2,250/mo and returns -$1,347/mo a month at a 3.2% 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
- $2,250/mo
- Monthly cash flow
- -$1,347/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.6%
- Max offer
- $216,500
Offer ≤ $216,500 (53% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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