For saleCondo
$659,900
3806 Lavaque Rd Unit 3806
Hermantown MN 55811
3 beds, 2 baths, 1,611 sqft
3806 Lavaque Rd Unit 3806 is a 3 beds, 2 baths, 1,611 sqft condo home for sale at $659,900 in Hermantown MN 55811. At 20% down it rents for an estimated $2,400/mo and returns -$2,533/mo a month at a 2.1% 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
- -$2,533/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -23.0%
- Max offer
- $236,500
Offer ≤ $236,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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