For saleSingle family
$189,500
423 Walnut Ave S
Owatonna MN 55060
3 beds, 1 bath, 1,097 sqft
423 Walnut Ave S is a 3 beds, 1 bath, 1,097 sqft single family home for sale at $189,500 in Owatonna MN 55060. At 20% down it rents for an estimated $1,500/mo and returns $147/mo a month at a 7.6% 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
- $1,500/mo
- Monthly cash flow
- $147/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.7%
- Max offer
- $177,000
Offer ≤ $177,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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