For saleSingle family
$339,900
282 Three Lakes Dr
Madison Lake MN 56063
3 beds, 2 baths, 1,520 sqft
282 Three Lakes Dr is a 3 beds, 2 baths, 1,520 sqft single family home for sale at $339,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,575/mo and returns -$851/mo a month at a 3.7% 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
- $1,575/mo
- Monthly cash flow
- -$851/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -15.0%
- Max offer
- $186,500
Offer ≤ $186,500 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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