Pending saleSingle family
$265,000
8835 S Highway Dr
Circle Pines MN 55014
2 beds, 1 bath, 794 sqft
8835 S Highway Dr is a 2 beds, 1 bath, 794 sqft single family home pending sale at $265,000 in Circle Pines MN 55014. At 20% down it rents for an estimated $1,675/mo and returns -$217/mo a month at a 5.7% 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
- $1,675/mo
- Monthly cash flow
- -$217/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.9%
- Max offer
- $198,000
Offer ≤ $198,000 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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