For saleSingle family
$299,900
930 Ridgeview Pl NE
Owatonna MN 55060
4 beds, 2 baths, 2,016 sqft
930 Ridgeview Pl NE is a 4 beds, 2 baths, 2,016 sqft single family home for sale at $299,900 in Owatonna MN 55060. At 20% down it rents for an estimated $1,700/mo and returns -$441/mo a month at a 4.9% 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
- $1,700/mo
- Monthly cash flow
- -$441/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.8%
- Max offer
- $201,000
Offer ≤ $201,000 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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