Pending saleSingle family
$412,900
2314 Elk Run Dr SE
Pine Island MN 55963
2 beds, 2 baths, 1,120 sqft
2314 Elk Run Dr SE is a 2 beds, 2 baths, 1,120 sqft single family home pending sale at $412,900 in Pine Island MN 55963. At 20% down it rents for an estimated $1,525/mo and returns -$1,423/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
- $1,525/mo
- Monthly cash flow
- -$1,423/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.7%
- Max offer
- $181,500
Offer ≤ $181,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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