For saleTownhouse
$229,900
464 Heartland Ct
Chanhassen MN 55317
2 beds, 1 bath, 1,080 sqft
464 Heartland Ct is a 2 beds, 1 bath, 1,080 sqft townhouse home for sale at $229,900 in Chanhassen MN 55317. At 20% down it rents for an estimated $2,250/mo and returns $121/mo a month at a 7.3% 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
- $2,250/mo
- Monthly cash flow
- $121/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $206,500
Offer ≤ $206,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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