For saleMulti-family
$495,000
245 Glenmoor Ln
Long Lake MN 55356
5 beds, 2 baths, 2,040 sqft
245 Glenmoor Ln is a 5 beds, 2 baths, 2,040 sqft multi-family home for sale at $495,000 in Long Lake MN 55356. At 20% down it rents for an estimated $5,000/mo and returns $1,528/mo a month at a 10.2% 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
- $5,000/mo
- Monthly cash flow
- $1,528/mo
- Cap rate
- 10.2%
- Cash-on-cash
- 18.5%
- Max offer
- $495,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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