For saleSingle family
$1,050,000
1401 Hiawatha Ave
Big Lake MN 55309
4 beds, 4 baths, 3,804 sqft
1401 Hiawatha Ave is a 4 beds, 4 baths, 3,804 sqft single family home for sale at $1,050,000 in Big Lake MN 55309. At 20% down it rents for an estimated $2,350/mo and returns -$5,146/mo a month at a 0.8% 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
- $2,350/mo
- Monthly cash flow
- -$5,146/mo
- Cap rate
- 0.8%
- Cash-on-cash
- -29.4%
- Max offer
- $282,000
Offer ≤ $282,000 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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