For saleSingle family
$368,500
828 Lancer Dr NE
Owatonna MN 55060
3 beds, 3 baths, 2,238 sqft
828 Lancer Dr NE is a 3 beds, 3 baths, 2,238 sqft single family home for sale at $368,500 in Owatonna MN 55060. At 20% down it rents for an estimated $1,550/mo and returns -$1,081/mo a month at a 3.1% 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
- $1,550/mo
- Monthly cash flow
- -$1,081/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.6%
- Max offer
- $184,000
Offer ≤ $184,000 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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