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 $3,650/mo and returns $545/mo a month at a 8.2% 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
- $3,650/mo
- Monthly cash flow
- $545/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $430,500
Offer ≤ $430,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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