For saleSingle family
$315,000
1108 Hoffman St W
Cannon Falls MN 55009
4 beds, 2 baths, 1,928 sqft
1108 Hoffman St W is a 4 beds, 2 baths, 1,928 sqft single family home for sale at $315,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $2,250/mo and returns $1/mo a month at a 6.7% 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
- $1/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.0%
- Max offer
- $265,500
Offer ≤ $265,500 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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