For saleSingle family
$290,000
8043 5th St NE
Spring Lake Park MN 55432
3 beds, 2 baths, 1,566 sqft
8043 5th St NE is a 3 beds, 2 baths, 1,566 sqft single family home for sale at $290,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,100/mo and returns $30/mo a month at a 6.8% 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
- $2,100/mo
- Monthly cash flow
- $30/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.6%
- Max offer
- $248,000
Offer ≤ $248,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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