For saleSingle family
$364,900
6001 6th St Unit A
Lake Park MN 56554
2 beds, 2 baths, 1,649 sqft
6001 6th St Unit A is a 2 beds, 2 baths, 1,649 sqft single family home for sale at $364,900 in Lake Park MN 56554. At 20% down it rents for an estimated $775/mo and returns -$1,830/mo a month at a 0.6% 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
- $775/mo
- Monthly cash flow
- -$1,830/mo
- Cap rate
- 0.6%
- Cash-on-cash
- -30.1%
- Max offer
- $93,000
Offer ≤ $93,000 (75% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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