For saleCondo
$469,900
4235 Stebner Rd Unit 3
Hermantown MN 55811
2 beds, 2 baths, 1,520 sqft
4235 Stebner Rd Unit 3 is a 2 beds, 2 baths, 1,520 sqft condo home for sale at $469,900 in Hermantown MN 55811. At 20% down it rents for an estimated $1,975/mo and returns -$1,654/mo a month at a 2.4% 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
- $1,975/mo
- Monthly cash flow
- -$1,654/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.1%
- Max offer
- $187,000
Offer ≤ $187,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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