For saleSingle family
$375,000
11264 Garnet Ct
Hanover MN 55341
4 beds, 2 baths, 2,468 sqft
11264 Garnet Ct is a 4 beds, 2 baths, 2,468 sqft single family home for sale at $375,000 in Hanover MN 55341. At 20% down it rents for an estimated $2,900/mo and returns $223/mo a month at a 7.4% 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
- $2,900/mo
- Monthly cash flow
- $223/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.6%
- Max offer
- $342,500
Offer ≤ $342,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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