For saleSingle family
$415,000
21215 Old Lake George Blvd NW
Oak Grove MN 55303
3 beds, 2 baths, 1,496 sqft
21215 Old Lake George Blvd NW is a 3 beds, 2 baths, 1,496 sqft single family home for sale at $415,000 in Oak Grove MN 55303. At 20% down it rents for an estimated $2,500/mo and returns -$463/mo a month at a 5.3% 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
- $2,500/mo
- Monthly cash flow
- -$463/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.7%
- Max offer
- $295,500
Offer ≤ $295,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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