For saleSingle family
$459,900
703 Aspen Lane
Montrose MN 55363
3 beds, 1,623 sqft
703 Aspen Lane is a 3 beds, 1,623 sqft single family home for sale at $459,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,000/mo and returns -$1,283/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
- $2,000/mo
- Monthly cash flow
- -$1,283/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.7%
- Max offer
- $237,500
Offer ≤ $237,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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