For saleSingle family
$512,990
8880 63rd St S
Cottage Grove MN 55016
4 beds, 2,344 sqft
8880 63rd St S is a 4 beds, 2,344 sqft single family home for sale at $512,990 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,950/mo and returns -$712/mo a month at a 5.0% 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
- $2,950/mo
- Monthly cash flow
- -$712/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.3%
- Max offer
- $349,000
Offer ≤ $349,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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