For saleSingle family
$509,000
217 E Owasso Ln
Shoreview MN 55126
4 beds, 2 baths, 1,745 sqft
217 E Owasso Ln is a 4 beds, 2 baths, 1,745 sqft single family home for sale at $509,000 in Shoreview MN 55126. At 20% down it rents for an estimated $3,075/mo and returns -$559/mo a month at a 5.3% 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
- $3,075/mo
- Monthly cash flow
- -$559/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.6%
- Max offer
- $363,500
Offer ≤ $363,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading