For saleTownhouse
$324,990
624 Tomahawk Ct
Madison Lake MN 56063
3 beds, 3 baths, 2,712 sqft
624 Tomahawk Ct is a 3 beds, 3 baths, 2,712 sqft townhouse home for sale at $324,990 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,575/mo and returns -$871/mo a month at a 3.5% 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
- $1,575/mo
- Monthly cash flow
- -$871/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -16.1%
- Max offer
- $163,000
Offer ≤ $163,000 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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