For saleSingle family
$324,900
980 Porter St
Clearwater MN 55320
2 beds, 1 bath, 984 sqft
980 Porter St is a 2 beds, 1 bath, 984 sqft single family home for sale at $324,900 in Clearwater MN 55320. At 20% down it rents for an estimated $1,175/mo and returns -$1,144/mo a month at a 2.4% 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
- -$1,144/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.1%
- Max offer
- $139,500
Offer ≤ $139,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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