For saleSingle family
$590,990
8321 Lander Avenue NE
Otsego MN 55330
4 beds, 3,302 sqft
8321 Lander Avenue NE is a 4 beds, 3,302 sqft single family home for sale at $590,990 in Otsego MN 55330. At 20% down it rents for an estimated $2,575/mo and returns -$1,644/mo a month at a 3.3% 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
- $2,575/mo
- Monthly cash flow
- -$1,644/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.7%
- Max offer
- $305,500
Offer ≤ $305,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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