For saleSingle family
$244,900
216 Highland Ave
Owatonna MN 55060
3 beds, 2 baths, 1,978 sqft
216 Highland Ave is a 3 beds, 2 baths, 1,978 sqft single family home for sale at $244,900 in Owatonna MN 55060. At 20% down it rents for an estimated $1,750/mo and returns $32/mo a month at a 6.7% 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
- $1,750/mo
- Monthly cash flow
- $32/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $209,500
Offer ≤ $209,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.