For saleSingle family
$254,900
527 River Rd NE
Hanover MN 55341
2 beds, 1 bath, 1,518 sqft
527 River Rd NE is a 2 beds, 1 bath, 1,518 sqft single family home for sale at $254,900 in Hanover MN 55341. At 20% down it rents for an estimated $2,025/mo and returns $237/mo a month at a 7.6% 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
- $2,025/mo
- Monthly cash flow
- $237/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.6%
- Max offer
- $242,500
Offer ≤ $242,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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