For saleMulti-family
$300,000
722 16th St SE
Owatonna MN 55060
4 beds, 2 baths, 1,791 sqft
722 16th St SE is a 4 beds, 2 baths, 1,791 sqft multi-family home for sale at $300,000 in Owatonna MN 55060. At 20% down it rents for an estimated $2,400/mo and returns $296/mo a month at a 7.7% 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
- $2,400/mo
- Monthly cash flow
- $296/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $287,500
Offer ≤ $287,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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