For saleTownhouse
$239,900
7857 Hemingway Ave S
Cottage Grove MN 55016
2 beds, 1.5 baths, 1,313 sqft
7857 Hemingway Ave S is a 2 beds, 1.5 baths, 1,313 sqft townhouse home for sale at $239,900 in Cottage Grove MN 55016. At 20% down it rents for an estimated $2,175/mo and returns $256/mo a month at a 7.8% 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
- $2,175/mo
- Monthly cash flow
- $256/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $231,500
Offer ≤ $231,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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