For saleSingle family
$299,900
312 S Driftwood St
Royalton MN 56373
4 beds, 1.5 baths, 2,282 sqft
312 S Driftwood St is a 4 beds, 1.5 baths, 2,282 sqft single family home for sale at $299,900 in Royalton MN 56373. At 20% down it rents for an estimated $2,400/mo and returns $297/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
- $297/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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