For saleSingle family
$265,000
617 13th St NE
Owatonna MN 55060
4 beds, 2 baths, 1,838 sqft
617 13th St NE is a 4 beds, 2 baths, 1,838 sqft single family home for sale at $265,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,800/mo and returns -$92/mo a month at a 6.3% 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
- $1,800/mo
- Monthly cash flow
- -$92/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -2.1%
- Max offer
- $212,500
Offer ≤ $212,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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