For saleTownhouse
$320,000
389 Hayes Dr
Hastings MN 55033
2 beds, 2 baths, 1,576 sqft
389 Hayes Dr is a 2 beds, 2 baths, 1,576 sqft townhouse home for sale at $320,000 in Hastings MN 55033. At 20% down it rents for an estimated $1,700/mo and returns -$823/mo a month at a 3.6% 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
- $1,700/mo
- Monthly cash flow
- -$823/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.4%
- Max offer
- $165,000
Offer ≤ $165,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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