For saleSingle family
$299,000
18980 Island View Dr
Mora MN 55051
3 beds, 2 baths, 1,627 sqft
18980 Island View Dr is a 3 beds, 2 baths, 1,627 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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