For saleSingle family
$399,900
1623 Highway 96 E
White Bear Lake MN 55110
2 beds, 2 baths, 1,560 sqft
1623 Highway 96 E is a 2 beds, 2 baths, 1,560 sqft single family home for sale at $399,900 in White Bear Lake MN 55110. At 20% down it rents for an estimated $2,075/mo and returns -$780/mo a month at a 4.3% 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
- $2,075/mo
- Monthly cash flow
- -$780/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.7%
- Max offer
- $245,500
Offer ≤ $245,500 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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