For saleSingle family
$499,900
58 Balsam Ln
Madison Lake MN 56063
5 beds, 3 baths, 3,126 sqft
58 Balsam Ln is a 5 beds, 3 baths, 3,126 sqft single family home for sale at $499,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,850/mo and returns -$1,719/mo a month at a 2.5% 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
- $1,850/mo
- Monthly cash flow
- -$1,719/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.6%
- Max offer
- $220,000
Offer ≤ $220,000 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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