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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