For saleSingle family
$425,000
21 Carriage Ln
Burnsville MN 55306
4 beds, 3 baths, 2,454 sqft
21 Carriage Ln is a 4 beds, 3 baths, 2,454 sqft single family home for sale at $425,000 in Burnsville MN 55306. At 20% down it rents for an estimated $3,500/mo and returns $466/mo a month at a 8.0% 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
- $3,500/mo
- Monthly cash flow
- $466/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $413,000
Offer ≤ $413,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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