For saleSingle family
$579,900
2214 Douglas Trail Dr SE
Pine Island MN 55963
4 beds, 3 baths, 2,324 sqft
2214 Douglas Trail Dr SE is a 4 beds, 3 baths, 2,324 sqft single family home for sale at $579,900 in Pine Island MN 55963. At 20% down it rents for an estimated $2,000/mo and returns -$2,140/mo a month at a 2.2% 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
- $2,000/mo
- Monthly cash flow
- -$2,140/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.1%
- Max offer
- $238,000
Offer ≤ $238,000 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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