For saleSingle family
$212,500
1031 S Cedar Ave
Owatonna MN 55060
3 beds, 1 bath, 1,327 sqft
1031 S Cedar Ave is a 3 beds, 1 bath, 1,327 sqft single family home for sale at $212,500 in Owatonna MN 55060. At 20% down it rents for an estimated $1,500/mo and returns -$17/mo a month at a 6.6% 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
- -$17/mo
- Cap rate
- 6.6%
- Cash-on-cash
- -0.5%
- Max offer
- $177,000
Offer ≤ $177,000 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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