For saleTownhouse
$258,800
6051 Manchester Ave NE
Otsego MN 55301
3 beds, 2 baths, 1,424 sqft
6051 Manchester Ave NE is a 3 beds, 2 baths, 1,424 sqft townhouse home for sale at $258,800 in Otsego MN 55301. At 20% down it rents for an estimated $2,300/mo and returns $256/mo a month at a 7.9% 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
- $2,300/mo
- Monthly cash flow
- $256/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 5.9%
- Max offer
- $247,500
Offer ≤ $247,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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