Pending saleSingle family
$340,000
816 Cologne Ln
Waverly MN 55390
3 beds, 2 baths, 1,890 sqft
816 Cologne Ln is a 3 beds, 2 baths, 1,890 sqft single family home pending sale at $340,000 in Waverly MN 55390. At 20% down it rents for an estimated $2,000/mo and returns -$427/mo a month at a 5.2% 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
- $2,000/mo
- Monthly cash flow
- -$427/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.5%
- Max offer
- $236,500
Offer ≤ $236,500 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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