For saleSingle family
$244,900
210 Walnut Ave
Madison Lake MN 56063
2 beds, 1 bath, 2,240 sqft
210 Walnut Ave is a 2 beds, 1 bath, 2,240 sqft single family home for sale at $244,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,325/mo and returns -$423/mo a month at a 4.6% 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
- $1,325/mo
- Monthly cash flow
- -$423/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.4%
- Max offer
- $156,500
Offer ≤ $156,500 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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