For saleSingle family
$259,000
819 S Grove Ave
Owatonna MN 55060
4 beds, 2 baths, 1,652 sqft
819 S Grove Ave is a 4 beds, 2 baths, 1,652 sqft single family home for sale at $259,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,700/mo and returns -$149/mo a month at a 6.0% 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
- $1,700/mo
- Monthly cash flow
- -$149/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.5%
- Max offer
- $201,000
Offer ≤ $201,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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