For saleSingle family
$899,000
60340 Maverick Ct
Madison Lake MN 56063
4 beds, 3 baths, 3,753 sqft
60340 Maverick Ct is a 4 beds, 3 baths, 3,753 sqft single family home for sale at $899,000 in Madison Lake MN 56063. At 20% down it rents for an estimated $3,800/mo and returns -$2,618/mo a month at a 3.2% 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
- $3,800/mo
- Monthly cash flow
- -$2,618/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.5%
- Max offer
- $451,000
Offer ≤ $451,000 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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