For saleSingle family
$364,900
8331 Red Pine Cir
Baxter MN 56425
5 beds, 3 baths, 2,832 sqft
8331 Red Pine Cir is a 5 beds, 3 baths, 2,832 sqft single family home for sale at $364,900 in Baxter MN 56425. At 20% down it rents for an estimated $2,975/mo and returns $370/mo a month at a 7.9% 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
- $2,975/mo
- Monthly cash flow
- $370/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.1%
- Max offer
- $351,000
Offer ≤ $351,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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