For saleSingle family
$500,000
1115 Pike Lake Dr
New Brighton MN 55112
3 beds, 1 bath, 1,845 sqft
1115 Pike Lake Dr is a 3 beds, 1 bath, 1,845 sqft single family home for sale at $500,000 in New Brighton MN 55112. At 20% down it rents for an estimated $2,050/mo and returns -$1,519/mo a month at a 3.0% 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
- $2,050/mo
- Monthly cash flow
- -$1,519/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.2%
- Max offer
- $243,500
Offer ≤ $243,500 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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