Pending saleSingle family
$399,900
913 Three Lakes Ct
Madison Lake MN 56063
3 beds, 2 baths, 3,144 sqft
913 Three Lakes Ct is a 3 beds, 2 baths, 3,144 sqft single family home pending sale at $399,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,575/mo and returns -$1,280/mo a month at a 2.8% 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
- $1,575/mo
- Monthly cash flow
- -$1,280/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.2%
- Max offer
- $187,000
Offer ≤ $187,000 (53% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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