For saleSingle family
$819,000
1508 Cannon Valley Dr
Northfield MN 55057
4 beds, 4 baths, 4,480 sqft
1508 Cannon Valley Dr is a 4 beds, 4 baths, 4,480 sqft single family home for sale at $819,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,850/mo and returns -$2,997/mo a month at a 2.3% 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
- $2,850/mo
- Monthly cash flow
- -$2,997/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -22.0%
- Max offer
- $339,500
Offer ≤ $339,500 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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