For saleTownhouse
$309,900
6710 98th St S
Cottage Grove MN 55016
3 beds, 1.5 baths, 2,237 sqft
6710 98th St S is a 3 beds, 1.5 baths, 2,237 sqft townhouse home for sale at $309,900 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,400/mo and returns $68/mo a month at a 6.8% 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
- $2,400/mo
- Monthly cash flow
- $68/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $266,000
Offer ≤ $266,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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