For saleSingle family
$699,900
3879 Okerstrom Rd
Hermantown MN 55811
5 beds, 2.5 baths, 2,885 sqft
3879 Okerstrom Rd is a 5 beds, 2.5 baths, 2,885 sqft single family home for sale at $699,900 in Hermantown MN 55811. At 20% down it rents for an estimated $3,600/mo and returns -$1,396/mo a month at a 4.3% 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
- $3,600/mo
- Monthly cash flow
- -$1,396/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -12.0%
- Max offer
- $426,500
Offer ≤ $426,500 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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