For saleSingle family
$215,000
514 State St E
Cannon Falls MN 55009
3 beds, 2 baths, 1,354 sqft
514 State St E is a 3 beds, 2 baths, 1,354 sqft single family home for sale at $215,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $2,000/mo and returns $465/mo a month at a 9.3% 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
- $2,000/mo
- Monthly cash flow
- $465/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.0%
- Max offer
- $215,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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