For saleSingle family
$409,900
6501 Carrigan Lake Dr
Waverly MN 55390
4 beds, 3 baths, 2,403 sqft
6501 Carrigan Lake Dr is a 4 beds, 3 baths, 2,403 sqft single family home for sale at $409,900 in Waverly MN 55390. At 20% down it rents for an estimated $2,250/mo and returns -$676/mo a month at a 4.7% 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
- -$676/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.9%
- Max offer
- $266,500
Offer ≤ $266,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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