For saleTownhouse
$348,900
8369 Cherry St
Clear Lake MN 55319
4 beds, 2.5 baths, 2,072 sqft
8369 Cherry St is a 4 beds, 2.5 baths, 2,072 sqft townhouse home for sale at $348,900 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,450/mo and returns -$1,127/mo a month at a 2.8% 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
- $1,450/mo
- Monthly cash flow
- -$1,127/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.4%
- Max offer
- $151,500
Offer ≤ $151,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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