For saleSingle family
$220,000
427 Cherry St
Owatonna MN 55060
4 beds, 1 bath, 1,604 sqft
427 Cherry St is a 4 beds, 1 bath, 1,604 sqft single family home for sale at $220,000 in Owatonna MN 55060. At 20% down it rents for an estimated $2,000/mo and returns $457/mo a month at a 9.0% 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
- $457/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.5%
- Max offer
- $220,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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