For saleTownhouse
$199,000
338 Lakeview Ave
Long Lake MN 55356
2 beds, 1 bath, 1,026 sqft
338 Lakeview Ave is a 2 beds, 1 bath, 1,026 sqft townhouse home for sale at $199,000 in Long Lake MN 55356. At 20% down it rents for an estimated $1,925/mo and returns $158/mo a month at a 7.6% 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
- $1,925/mo
- Monthly cash flow
- $158/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $185,500
Offer ≤ $185,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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