For saleTownhouse
$289,900
8365 Cherry St
Clear Lake MN 55319
2 beds, 1 bath, 952 sqft
8365 Cherry St is a 2 beds, 1 bath, 952 sqft townhouse home for sale at $289,900 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,175/mo and returns -$1,008/mo a month at a 2.5% 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
- $1,175/mo
- Monthly cash flow
- -$1,008/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $117,000
Offer ≤ $117,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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