For saleSingle family
$84,900
128 Wheaton Dr
Madison Lake MN 56063
1 bed, 0.5 baths, 1,356 sqft
128 Wheaton Dr is a 1 bed, 0.5 baths, 1,356 sqft single family home for sale at $84,900 in Madison Lake MN 56063. At 20% down it rents for an estimated $1,200/mo and returns $594/mo a month at a 15.1% 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
- $1,200/mo
- Monthly cash flow
- $594/mo
- Cap rate
- 15.1%
- Cash-on-cash
- 42.0%
- Max offer
- $84,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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