For saleSingle family
$355,000
8499 Hilo Ln S
Cottage Grove MN 55016
4 beds, 2 baths, 1,525 sqft
8499 Hilo Ln S is a 4 beds, 2 baths, 1,525 sqft single family home for sale at $355,000 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,950/mo and returns $416/mo a month at a 8.1% 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
- $2,950/mo
- Monthly cash flow
- $416/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $348,000
Offer ≤ $348,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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