For saleSingle family
$389,900
1804 Dale Pl SE
Pine Island MN 55963
3 beds, 2 baths, 1,517 sqft
1804 Dale Pl SE is a 3 beds, 2 baths, 1,517 sqft single family home for sale at $389,900 in Pine Island MN 55963. At 20% down it rents for an estimated $1,750/mo and returns -$1,033/mo a month at a 3.5% 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
- $1,750/mo
- Monthly cash flow
- -$1,033/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.9%
- Max offer
- $207,500
Offer ≤ $207,500 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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