Pending saleSingle family
$999,000
60515 235th St
Madison Lake MN 56063
5 beds, 4.5 baths, 6,113 sqft
60515 235th St is a 5 beds, 4.5 baths, 6,113 sqft single family home pending sale at $999,000 in Madison Lake MN 56063. At 20% down it rents for an estimated $2,225/mo and returns -$4,907/mo a month at a 0.8% 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
- $2,225/mo
- Monthly cash flow
- -$4,907/mo
- Cap rate
- 0.8%
- Cash-on-cash
- -29.5%
- Max offer
- $267,000
Offer ≤ $267,000 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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