For saleSingle family
$635,000
10531 E Cree Bay Cir
Pequot Lakes MN 56472
2 beds, 2 baths, 1,428 sqft
10531 E Cree Bay Cir is a 2 beds, 2 baths, 1,428 sqft single family home for sale at $635,000 in Pequot Lakes MN 56472. At 20% down it rents for an estimated $1,975/mo and returns -$2,558/mo a month at a 1.8% 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
- $1,975/mo
- Monthly cash flow
- -$2,558/mo
- Cap rate
- 1.8%
- Cash-on-cash
- -24.2%
- Max offer
- $235,500
Offer ≤ $235,500 (63% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading