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 $1,800/mo and returns $515/mo a month at a 10.1% 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
- $1,800/mo
- Monthly cash flow
- $515/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.2%
- Max offer
- $180,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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