For saleSingle family
$425,000
7005 Jocelyn Ave S
Cottage Grove MN 55016
5 beds, 3 baths, 1,942 sqft
7005 Jocelyn Ave S is a 5 beds, 3 baths, 1,942 sqft single family home for sale at $425,000 in Cottage Grove MN 55016. At 20% down it rents for an estimated $3,300/mo and returns $266/mo a month at a 7.4% 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
- $3,300/mo
- Monthly cash flow
- $266/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $389,500
Offer ≤ $389,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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