For saleTownhouse
$224,900
8855 Ironwood Ave S
Cottage Grove MN 55016
2 beds, 1.5 baths, 1,200 sqft
8855 Ironwood Ave S is a 2 beds, 1.5 baths, 1,200 sqft townhouse home for sale at $224,900 in Cottage Grove MN 55016. At 20% down it rents for an estimated $1,850/mo and returns $67/mo a month at a 6.9% 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
- $1,850/mo
- Monthly cash flow
- $67/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $195,000
Offer ≤ $195,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.