For saleSingle family
$599,900
24951 Meridian Cir
Belle Plaine MN 56011
4 beds, 3 baths, 2,364 sqft
24951 Meridian Cir is a 4 beds, 3 baths, 2,364 sqft single family home for sale at $599,900 in Belle Plaine MN 56011. At 20% down it rents for an estimated $1,600/mo and returns -$2,683/mo a month at a 1.3% 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
- $1,600/mo
- Monthly cash flow
- -$2,683/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -26.8%
- Max offer
- $191,500
Offer ≤ $191,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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