For saleSingle family
$1,047,000
11628 Indian Beach Rd Lot 7
Spicer MN 56288
3 beds, 2 baths, 2,128 sqft
11628 Indian Beach Rd Lot 7 is a 3 beds, 2 baths, 2,128 sqft single family home for sale at $1,047,000 in Spicer MN 56288. At 20% down it rents for an estimated $1,350/mo and returns -$6,124/mo a month at a -0.4% 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
- $1,350/mo
- Monthly cash flow
- -$6,124/mo
- Cap rate
- -0.4%
- Cash-on-cash
- -35.1%
- Max offer
- $163,500
Offer ≤ $163,500 (84% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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