For saleSingle family
$299,900
438 Prairie St
Clearwater MN 55320
3 beds, 2.5 baths, 1,620 sqft
438 Prairie St is a 3 beds, 2.5 baths, 1,620 sqft single family home for sale at $299,900 in Clearwater MN 55320. At 20% down it rents for an estimated $1,325/mo and returns -$816/mo a month at a 3.4% 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
- $1,325/mo
- Monthly cash flow
- -$816/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.3%
- Max offer
- $157,000
Offer ≤ $157,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading