For saleSingle family
$310,000
1146 Ironwood Ave
Owatonna MN 55060
3 beds, 2 baths, 2,218 sqft
1146 Ironwood Ave is a 3 beds, 2 baths, 2,218 sqft single family home for sale at $310,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,550/mo and returns -$663/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
- $1,550/mo
- Monthly cash flow
- -$663/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $183,500
Offer ≤ $183,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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