For saleSingle family
$394,900
12962 Morgan Pl
Burnsville MN 55337
4 beds, 2 baths, 1,981 sqft
12962 Morgan Pl is a 4 beds, 2 baths, 1,981 sqft single family home for sale at $394,900 in Burnsville MN 55337. At 20% down it rents for an estimated $2,950/mo and returns $180/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
- $2,950/mo
- Monthly cash flow
- $180/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.7%
- Max offer
- $353,500
Offer ≤ $353,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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