For saleSingle family
$359,900
1029 Nicole Ave
Clearwater MN 55320
3 beds, 2 baths, 1,300 sqft
1029 Nicole Ave is a 3 beds, 2 baths, 1,300 sqft single family home for sale at $359,900 in Clearwater MN 55320. At 20% down it rents for an estimated $1,325/mo and returns -$1,244/mo a month at a 2.5% 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
- $1,325/mo
- Monthly cash flow
- -$1,244/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.7%
- Max offer
- $157,500
Offer ≤ $157,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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