For saleSingle family
$344,900
1815 Pierce St S
Cambridge MN 55008
3 beds, 2 baths, 1,393 sqft
1815 Pierce St S is a 3 beds, 2 baths, 1,393 sqft single family home for sale at $344,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,300/mo and returns -$162/mo a month at a 6.1% 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
- $2,300/mo
- Monthly cash flow
- -$162/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.8%
- Max offer
- $271,500
Offer ≤ $271,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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