For saleSingle family
$319,000
424 Water St E
Cannon Falls MN 55009
3 beds, 2 baths, 2,174 sqft
424 Water St E is a 3 beds, 2 baths, 2,174 sqft single family home for sale at $319,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $2,000/mo and returns -$277/mo a month at a 5.6% 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
- $2,000/mo
- Monthly cash flow
- -$277/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.2%
- Max offer
- $236,500
Offer ≤ $236,500 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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