Pending saleSingle family
$799,000
27755 Island View Rd
Shorewood MN 55331
3 beds, 2.5 baths, 2,400 sqft
27755 Island View Rd is a 3 beds, 2.5 baths, 2,400 sqft single family home pending sale at $799,000 in Shorewood MN 55331. At 20% down it rents for an estimated $3,600/mo and returns -$2,104/mo a month at a 3.5% 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
- $3,600/mo
- Monthly cash flow
- -$2,104/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.8%
- Max offer
- $427,000
Offer ≤ $427,000 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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