For saleSingle family

$229,500

1022 Spring Lake Rd

Cloquet MN 55720

3 beds, 1 bath, 1,159 sqft

1022 Spring Lake Rd is a 3 beds, 1 bath, 1,159 sqft single family home for sale at $229,500 in Cloquet MN 55720. At 20% down it rents for an estimated $2,250/mo and returns $612/mo a month at a 9.9% 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
$2,250/mo
Monthly cash flow
$612/mo
Cap rate
9.9%
Cash-on-cash
16.0%
Max offer
$229,500

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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