For saleTownhouse

$279,900

2407 Harvest Way

Chanhassen MN 55317

3 beds, 1.5 baths, 1,415 sqft

2407 Harvest Way is a 3 beds, 1.5 baths, 1,415 sqft townhouse home for sale at $279,900 in Chanhassen MN 55317. At 20% down it rents for an estimated $2,300/mo and returns $111/mo a month at a 7.0% 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
$2,300/mo
Monthly cash flow
$111/mo
Cap rate
7.0%
Cash-on-cash
2.4%
Max offer
$246,500

Offer ≤ $246,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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