Pending saleSingle family
$279,900
801 7th St
Madison Lake MN 56063
4 beds, 3 baths, 2,376 sqft
801 7th St is a 4 beds, 3 baths, 2,376 sqft single family home pending sale at $279,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,775/mo and returns -$223/mo a month at a 5.7% 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
- $1,775/mo
- Monthly cash flow
- -$223/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.8%
- Max offer
- $209,500
Offer ≤ $209,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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