For saleSingle family
$489,900
11140 Lake Point Dr
Chisago City MN 55013
2 beds, 2 baths, 1,704 sqft
11140 Lake Point Dr is a 2 beds, 2 baths, 1,704 sqft single family home for sale at $489,900 in Chisago City MN 55013. At 20% down it rents for an estimated $1,450/mo and returns -$2,047/mo a month at a 1.7% 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
- -$2,047/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -25.1%
- Max offer
- $173,000
Offer ≤ $173,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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