For saleSingle family
$375,000
812 Lancer Dr NE
Owatonna MN 55060
4 beds, 3 baths, 2,480 sqft
812 Lancer Dr NE is a 4 beds, 3 baths, 2,480 sqft single family home for sale at $375,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,800/mo and returns -$877/mo a month at a 3.9% 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
- -$877/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.0%
- Max offer
- $213,500
Offer ≤ $213,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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