For saleSingle family
$464,900
309 Cherry Hill Bay
Medina MN 55340
3 beds, 2 baths, 1,820 sqft
309 Cherry Hill Bay is a 3 beds, 2 baths, 1,820 sqft single family home for sale at $464,900 in Medina MN 55340. At 20% down it rents for an estimated $2,475/mo and returns -$844/mo a month at a 4.5% 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
- $2,475/mo
- Monthly cash flow
- -$844/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.9%
- Max offer
- $293,000
Offer ≤ $293,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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