For saleSingle family
$300,000
4904 Hanover Rd
Mound MN 55364
3 beds, 2 baths, 1,828 sqft
4904 Hanover Rd is a 3 beds, 2 baths, 1,828 sqft single family home for sale at $300,000 in Mound MN 55364. At 20% down it rents for an estimated $2,375/mo and returns $271/mo a month at a 7.6% 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
- $2,375/mo
- Monthly cash flow
- $271/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $284,500
Offer ≤ $284,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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