For saleSingle family
$217,000
227 Phelps St
Owatonna MN 55060
3 beds, 1.5 baths, 1,281 sqft
227 Phelps St is a 3 beds, 1.5 baths, 1,281 sqft single family home for sale at $217,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,750/mo and returns $228/mo a month at a 7.8% 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
- $1,750/mo
- Monthly cash flow
- $228/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.3%
- Max offer
- $209,500
Offer ≤ $209,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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