For saleSingle family
$180,000
308 Connie Ln
Eagle Lake MN 56024
3 beds, 2.5 baths, 2,872 sqft
308 Connie Ln is a 3 beds, 2.5 baths, 2,872 sqft single family home for sale at $180,000 in Eagle Lake MN 56024. At 20% down it rents for an estimated $2,000/mo and returns $738/mo a month at a 11.4% 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
- $2,000/mo
- Monthly cash flow
- $738/mo
- Cap rate
- 11.4%
- Cash-on-cash
- 24.6%
- Max offer
- $180,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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