For saleSingle family
$300,000
2157 Grand Ave
Long Lake MN 55356
2 beds, 2 baths, 1,626 sqft
2157 Grand Ave is a 2 beds, 2 baths, 1,626 sqft single family home for sale at $300,000 in Long Lake MN 55356. At 20% down it rents for an estimated $2,475/mo and returns $333/mo a month at a 8.0% 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
- $2,475/mo
- Monthly cash flow
- $333/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.7%
- Max offer
- $292,000
Offer ≤ $292,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading