For saleSingle family
$350,000
4983 Mitchell Rd
Big Lake MN 55309
3 beds, 2 baths, 1,898 sqft
4983 Mitchell Rd is a 3 beds, 2 baths, 1,898 sqft single family home for sale at $350,000 in Big Lake MN 55309. At 20% down it rents for an estimated $1,950/mo and returns -$549/mo a month at a 4.8% 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
- $1,950/mo
- Monthly cash flow
- -$549/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.4%
- Max offer
- $230,500
Offer ≤ $230,500 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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