Pending saleSingle family
$477,900
2302 Elk Run Dr SE
Pine Island MN 55963
3 beds, 2 baths, 1,424 sqft
2302 Elk Run Dr SE is a 3 beds, 2 baths, 1,424 sqft single family home pending sale at $477,900 in Pine Island MN 55963. At 20% down it rents for an estimated $1,750/mo and returns -$1,662/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
- $1,750/mo
- Monthly cash flow
- -$1,662/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $208,000
Offer ≤ $208,000 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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