For saleSingle family
$110,000
10700 56th St
Clear Lake MN 55319
1 bed, 1 bath, 546 sqft
10700 56th St is a 1 bed, 1 bath, 546 sqft single family home for sale at $110,000 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,025/mo and returns $240/mo a month at a 9.3% 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
- $1,025/mo
- Monthly cash flow
- $240/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.1%
- Max offer
- $110,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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