For saleSingle family
$218,700
2234 3rd Ave NW
Owatonna MN 55060
4 beds, 2 baths, 1,647 sqft
2234 3rd Ave NW is a 4 beds, 2 baths, 1,647 sqft single family home for sale at $218,700 in Owatonna MN 55060. At 20% down it rents for an estimated $1,800/mo and returns $239/mo a month at a 8.0% 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
- $1,800/mo
- Monthly cash flow
- $239/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $212,000
Offer ≤ $212,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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