For saleSingle family
$340,000
6195 River Mill Dr
Monticello MN 55362
3 beds, 2 baths, 2,164 sqft
6195 River Mill Dr is a 3 beds, 2 baths, 2,164 sqft single family home for sale at $340,000 in Monticello MN 55362. At 20% down it rents for an estimated $1,950/mo and returns -$477/mo a month at a 5.0% 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
- $1,950/mo
- Monthly cash flow
- -$477/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.4%
- Max offer
- $230,500
Offer ≤ $230,500 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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