For saleSingle family
$829,000
1198 Steger Rd NW
Alexandria MN 56308
5 beds, 3 baths, 3,584 sqft
1198 Steger Rd NW is a 5 beds, 3 baths, 3,584 sqft single family home for sale at $829,000 in Alexandria MN 56308. At 20% down it rents for an estimated $1,850/mo and returns -$4,068/mo a month at a 0.8% 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
- $1,850/mo
- Monthly cash flow
- -$4,068/mo
- Cap rate
- 0.8%
- Cash-on-cash
- -29.4%
- Max offer
- $222,000
Offer ≤ $222,000 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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