For saleTownhouse
$255,900
6190 Marlowe Ave NE
Otsego MN 55301
3 beds, 2.5 baths, 1,472 sqft
6190 Marlowe Ave NE is a 3 beds, 2.5 baths, 1,472 sqft townhouse home for sale at $255,900 in Otsego MN 55301. At 20% down it rents for an estimated $2,300/mo and returns $275/mo a month at a 8.0% 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
- $275/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $247,500
Offer ≤ $247,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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