For saleSingle family
$460,000
9808 Lily Pond Ln
Corcoran MN 55340
4 beds, 2 baths, 2,034 sqft
9808 Lily Pond Ln is a 4 beds, 2 baths, 2,034 sqft single family home for sale at $460,000 in Corcoran MN 55340. At 20% down it rents for an estimated $2,800/mo and returns -$484/mo a month at a 5.4% 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
- $2,800/mo
- Monthly cash flow
- -$484/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.3%
- Max offer
- $331,000
Offer ≤ $331,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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