For saleSingle family
$325,000
4585 Otter Lake Rd
White Bear Lake MN 55110
3 beds, 1 bath, 1,008 sqft
4585 Otter Lake Rd is a 3 beds, 1 bath, 1,008 sqft single family home for sale at $325,000 in White Bear Lake MN 55110. At 20% down it rents for an estimated $2,400/mo and returns $121/mo a month at a 7.0% 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
- $2,400/mo
- Monthly cash flow
- $121/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.2%
- Max offer
- $287,500
Offer ≤ $287,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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