For saleSingle family
$429,000
8695 Jorgensen Ave S
Cottage Grove MN 55016
5 beds, 2.5 baths, 2,096 sqft
8695 Jorgensen Ave S is a 5 beds, 2.5 baths, 2,096 sqft single family home for sale at $429,000 in Cottage Grove MN 55016. At 20% down it rents for an estimated $3,300/mo and returns $237/mo a month at a 7.3% 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
- $3,300/mo
- Monthly cash flow
- $237/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $389,500
Offer ≤ $389,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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