For saleSingle family
$380,000
687 116th Ln NE
Blaine MN 55434
3 beds, 1.5 baths, 2,576 sqft
687 116th Ln NE is a 3 beds, 1.5 baths, 2,576 sqft single family home for sale at $380,000 in Blaine MN 55434. At 20% down it rents for an estimated $2,350/mo and returns -$363/mo a month at a 5.5% 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
- $2,350/mo
- Monthly cash flow
- -$363/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.7%
- Max offer
- $278,000
Offer ≤ $278,000 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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