For saleTownhouse
$244,900
1003 Heather Ln
Waconia MN 55387
2 beds, 1.5 baths, 1,065 sqft
1003 Heather Ln is a 2 beds, 1.5 baths, 1,065 sqft townhouse home for sale at $244,900 in Waconia MN 55387. At 20% down it rents for an estimated $2,075/mo and returns $152/mo a month at a 7.4% 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
- $2,075/mo
- Monthly cash flow
- $152/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.7%
- Max offer
- $223,000
Offer ≤ $223,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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