For saleSingle family
$749,000
2300 Olive Ave
Orono MN 55391
3 beds, 3 baths, 1,891 sqft
2300 Olive Ave is a 3 beds, 3 baths, 1,891 sqft single family home for sale at $749,000 in Orono MN 55391. At 20% down it rents for an estimated $3,000/mo and returns -$2,347/mo a month at a 2.9% 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
- $3,000/mo
- Monthly cash flow
- -$2,347/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.8%
- Max offer
- $356,500
Offer ≤ $356,500 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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