For saleSingle family
$799,900
22098 State Highway 60
Madison Lake MN 56063
4 beds, 3 baths, 4,160 sqft
22098 State Highway 60 is a 4 beds, 3 baths, 4,160 sqft single family home for sale at $799,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $2,025/mo and returns -$3,685/mo a month at a 1.1% 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
- -$3,685/mo
- Cap rate
- 1.1%
- Cash-on-cash
- -27.6%
- Max offer
- $242,500
Offer ≤ $242,500 (70% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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