For saleSingle family
$639,900
29887 Suffolk Dr
Pequot Lakes MN 56472
3 beds, 2 baths, 1,981 sqft
29887 Suffolk Dr is a 3 beds, 2 baths, 1,981 sqft single family home for sale at $639,900 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $2,400/mo and returns -$2,168/mo a month at a 2.6% 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
- $2,400/mo
- Monthly cash flow
- -$2,168/mo
- Cap rate
- 2.6%
- Cash-on-cash
- -20.3%
- Max offer
- $285,500
Offer ≤ $285,500 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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