For saleSingle family
$399,900
22082 State Highway 60
Madison Lake MN 56063
4 beds, 2.5 baths, 1,738 sqft
22082 State Highway 60 is a 4 beds, 2.5 baths, 1,738 sqft single family home for sale at $399,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $2,025/mo and returns -$830/mo a month at a 4.2% 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
- $2,025/mo
- Monthly cash flow
- -$830/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.4%
- Max offer
- $240,000
Offer ≤ $240,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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