For saleSingle family
$282,000
8231 Polk St NE
Spring Lake Park MN 55432
3 beds, 2 baths, 1,947 sqft
8231 Polk St NE is a 3 beds, 2 baths, 1,947 sqft single family home for sale at $282,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,075/mo and returns $62/mo a month at a 6.9% 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
- $2,075/mo
- Monthly cash flow
- $62/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.3%
- Max offer
- $245,000
Offer ≤ $245,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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