For saleSingle family
$824,900
24150 E Cedar Lake Dr
New Prague MN 56071
3 beds, 2.5 baths, 2,580 sqft
24150 E Cedar Lake Dr is a 3 beds, 2.5 baths, 2,580 sqft single family home for sale at $824,900 in New Prague MN 56071. At 20% down it rents for an estimated $1,500/mo and returns -$4,389/mo a month at a 0.3% 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
- $1,500/mo
- Monthly cash flow
- -$4,389/mo
- Cap rate
- 0.3%
- Cash-on-cash
- -31.9%
- Max offer
- $181,000
Offer ≤ $181,000 (78% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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