For saleSingle family
$825,000
23120 Garrison Rd
Corcoran MN 55340
4 beds, 3.5 baths, 2,986 sqft
23120 Garrison Rd is a 4 beds, 3.5 baths, 2,986 sqft single family home for sale at $825,000 in Corcoran MN 55340. At 20% down it rents for an estimated $2,350/mo and returns -$3,539/mo a month at a 1.5% 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
- $2,350/mo
- Monthly cash flow
- -$3,539/mo
- Cap rate
- 1.5%
- Cash-on-cash
- -25.7%
- Max offer
- $280,500
Offer ≤ $280,500 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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