For saleSingle family
$400,000
405 Prairie View Dr
Cologne MN 55322
4 beds, 3 baths, 2,224 sqft
405 Prairie View Dr is a 4 beds, 3 baths, 2,224 sqft single family home for sale at $400,000 in Cologne MN 55322. At 20% down it rents for an estimated $3,000/mo and returns $195/mo a month at a 7.1% 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
- $3,000/mo
- Monthly cash flow
- $195/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $359,500
Offer ≤ $359,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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