For saleTownhouse
$324,900
8424 Cherry St
Clear Lake MN 55319
3 beds, 3 baths, 1,496 sqft
8424 Cherry St is a 3 beds, 3 baths, 1,496 sqft townhouse home for sale at $324,900 in Clear Lake MN 55319. At 20% down it rents for an estimated $1,325/mo and returns -$1,075/mo a month at a 2.7% 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
- $1,325/mo
- Monthly cash flow
- -$1,075/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.9%
- Max offer
- $137,500
Offer ≤ $137,500 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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