For saleSingle family
$1,400,000
15897 Island View Rd NW
Prior Lake MN 55372
5 beds, 4 baths, 3,401 sqft
15897 Island View Rd NW is a 5 beds, 4 baths, 3,401 sqft single family home for sale at $1,400,000 in Prior Lake MN 55372. At 20% down it rents for an estimated $2,975/mo and returns -$7,019/mo a month at a 0.7% 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
- -$7,019/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -30.1%
- Max offer
- $357,500
Offer ≤ $357,500 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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