For saleSingle family
$435,000
9429 Harkness Ave S
Cottage Grove MN 55016
6 beds, 3.5 baths, 2,578 sqft
9429 Harkness Ave S is a 6 beds, 3.5 baths, 2,578 sqft single family home for sale at $435,000 in Cottage Grove MN 55016. At 20% down it rents for an estimated $3,275/mo and returns $224/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
- $3,275/mo
- Monthly cash flow
- $224/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $392,000
Offer ≤ $392,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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