For saleTownhouse
$249,900
6884 Meadow Grass Ln S
Cottage Grove MN 55016
2 beds, 1.5 baths, 1,390 sqft
6884 Meadow Grass Ln S is a 2 beds, 1.5 baths, 1,390 sqft townhouse home for sale at $249,900 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,075/mo and returns $81/mo a month at a 6.9% 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
- $2,075/mo
- Monthly cash flow
- $81/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $218,000
Offer ≤ $218,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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