For saleSingle family

$299,000

19056 Island View Dr

Mora MN 55051

3 beds, 2 baths, 1,625 sqft

19056 Island View Dr is a 3 beds, 2 baths, 1,625 sqft single family home for sale at $299,000 in Mora MN 55051. At 20% down it rents for an estimated $2,400/mo and returns $303/mo a month at a 7.7% 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
$303/mo
Cap rate
7.7%
Cash-on-cash
6.1%
Max offer
$287,500

Offer ≤ $287,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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