For saleSingle family
$350,000
3308 173rd Ln NW
Andover MN 55304
3 beds, 1 bath, 1,456 sqft
3308 173rd Ln NW is a 3 beds, 1 bath, 1,456 sqft single family home for sale at $350,000 in Andover MN 55304. At 20% down it rents for an estimated $2,500/mo and returns $1/mo a month at a 6.7% 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
- $2,500/mo
- Monthly cash flow
- $1/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.0%
- Max offer
- $295,000
Offer ≤ $295,000 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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