For saleSingle family
$550,000
10740 55th St
Clear Lake MN 55319
4 beds, 2 baths, 1,880 sqft
10740 55th St is a 4 beds, 2 baths, 1,880 sqft single family home for sale at $550,000 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,450/mo and returns -$2,476/mo a month at a 1.3% 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
- $1,450/mo
- Monthly cash flow
- -$2,476/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -27.0%
- Max offer
- $173,500
Offer ≤ $173,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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