For saleSingle family
$179,900
1618 Hoven Ln
Crookston MN 56716
3 beds, 2 baths, 2,280 sqft
1618 Hoven Ln is a 3 beds, 2 baths, 2,280 sqft single family home for sale at $179,900 in Crookston MN 56716. At 20% down it rents for an estimated $900/mo and returns -$384/mo a month at a 4.1% 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
- $900/mo
- Monthly cash flow
- -$384/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $106,500
Offer ≤ $106,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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