For saleSingle family
$685,000
13392 Memorywood Dr
Baxter MN 56425
3 beds, 2 baths, 2,930 sqft
13392 Memorywood Dr is a 3 beds, 2 baths, 2,930 sqft single family home for sale at $685,000 in Baxter MN 56425. At 20% down it rents for an estimated $2,325/mo and returns -$2,565/mo a month at a 2.2% 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
- $2,325/mo
- Monthly cash flow
- -$2,565/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.5%
- Max offer
- $277,000
Offer ≤ $277,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading