For saleTownhouse
$390,000
1508 Carleton Dr
Hastings MN 55033
2 beds, 2 baths, 2,006 sqft
1508 Carleton Dr is a 2 beds, 2 baths, 2,006 sqft townhouse home for sale at $390,000 in Hastings MN 55033. At 20% down it rents for an estimated $1,725/mo and returns -$1,090/mo a month at a 3.3% 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
- $1,725/mo
- Monthly cash flow
- -$1,090/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.8%
- Max offer
- $190,000
Offer ≤ $190,000 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading