For saleSingle family
$384,900
916 Spruce Cir N
Cambridge MN 55008
3 beds, 2 baths, 1,601 sqft
916 Spruce Cir N is a 3 beds, 2 baths, 1,601 sqft single family home for sale at $384,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,225/mo and returns -$523/mo a month at a 5.0% 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
- $2,225/mo
- Monthly cash flow
- -$523/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.1%
- Max offer
- $263,000
Offer ≤ $263,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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