For saleSingle family
$609,900
3971 221st Ln NW
Oak Grove MN 55303
3 beds, 2 baths, 1,634 sqft
3971 221st Ln NW is a 3 beds, 2 baths, 1,634 sqft single family home for sale at $609,900 in Oak Grove MN 55303. At 20% down it rents for an estimated $2,500/mo and returns -$1,854/mo a month at a 3.0% 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
- $2,500/mo
- Monthly cash flow
- -$1,854/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.2%
- Max offer
- $297,000
Offer ≤ $297,000 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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