For saleSingle family
$182,000
222 Phelps St
Owatonna MN 55060
3 beds, 2 baths, 1,283 sqft
222 Phelps St is a 3 beds, 2 baths, 1,283 sqft single family home for sale at $182,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,500/mo and returns $201/mo a month at a 8.0% 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
- $1,500/mo
- Monthly cash flow
- $201/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $177,000
Offer ≤ $177,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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