For saleSingle family
$499,900
7993 Hunter Lake Dr
Clear Lake MN 55319
4 beds, 3 baths, 2,324 sqft
7993 Hunter Lake Dr is a 4 beds, 3 baths, 2,324 sqft single family home for sale at $499,900 in Clear Lake MN 55319. At 20% down it rents for an estimated $2,500/mo and returns -$1,069/mo a month at a 4.1% 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
- $2,500/mo
- Monthly cash flow
- -$1,069/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $296,000
Offer ≤ $296,000 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading