For saleSingle family
$380,000
716 Ballantyne Ln NE
Spring Lake Park MN 55432
4 beds, 2 baths, 1,920 sqft
716 Ballantyne Ln NE is a 4 beds, 2 baths, 1,920 sqft single family home for sale at $380,000 in Spring Lake Park MN 55432. At 20% down it rents for an estimated $2,450/mo and returns -$263/mo a month at a 5.8% 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
- $2,450/mo
- Monthly cash flow
- -$263/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.1%
- Max offer
- $289,500
Offer ≤ $289,500 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading