For saleSingle family
$246,900
615 Hillcrest Ave
Owatonna MN 55060
3 beds, 1 bath, 1,344 sqft
615 Hillcrest Ave is a 3 beds, 1 bath, 1,344 sqft single family home for sale at $246,900 in Owatonna MN 55060. At 20% down it rents for an estimated $1,500/mo and returns -$263/mo a month at a 5.4% 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
- $1,500/mo
- Monthly cash flow
- -$263/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.4%
- Max offer
- $177,500
Offer ≤ $177,500 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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