Pending saleSingle family
$299,750
808 Cologne Ln
Waverly MN 55390
3 beds, 2 baths, 1,740 sqft
808 Cologne Ln is a 3 beds, 2 baths, 1,740 sqft single family home pending sale at $299,750 in Waverly MN 55390. At 20% down it rents for an estimated $2,000/mo and returns -$140/mo a month at a 6.1% 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
- $2,000/mo
- Monthly cash flow
- -$140/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.8%
- Max offer
- $236,000
Offer ≤ $236,000 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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