For saleTownhouse
$310,000
15150 Fanning Dr N
Hugo MN 55038
4 beds, 2.5 baths, 1,982 sqft
15150 Fanning Dr N is a 4 beds, 2.5 baths, 1,982 sqft townhouse home for sale at $310,000 in Hugo MN 55038. At 20% down it rents for an estimated $2,525/mo and returns $143/mo a month at a 7.1% 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
- $2,525/mo
- Monthly cash flow
- $143/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.8%
- Max offer
- $275,500
Offer ≤ $275,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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