For saleSingle family
$685,650
1861 Laquey Ave NE
Saint Michael MN 55376
4 beds, 4 baths, 3,623 sqft
1861 Laquey Ave NE is a 4 beds, 4 baths, 3,623 sqft single family home for sale at $685,650 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,900/mo and returns -$1,995/mo a month at a 3.2% 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
- $2,900/mo
- Monthly cash flow
- -$1,995/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.5%
- Max offer
- $344,500
Offer ≤ $344,500 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading