For saleTownhouse
$305,000
7623 Palomino Ave NE
Otsego MN 55330
3 beds, 4 baths, 2,128 sqft
7623 Palomino Ave NE is a 3 beds, 4 baths, 2,128 sqft townhouse home for sale at $305,000 in Otsego MN 55330. At 20% down it rents for an estimated $2,225/mo and returns -$138/mo a month at a 6.1% 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
- $2,225/mo
- Monthly cash flow
- -$138/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.7%
- Max offer
- $237,500
Offer ≤ $237,500 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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