For saleSingle family
$379,900
7661 Homestead Ct S
Cottage Grove MN 55016
4 beds, 2 baths, 1,554 sqft
7661 Homestead Ct S is a 4 beds, 2 baths, 1,554 sqft single family home for sale at $379,900 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,950/mo and returns $238/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
- $2,950/mo
- Monthly cash flow
- $238/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $348,000
Offer ≤ $348,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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