For saleSingle family
$900,000
6020 Mill St
Shorewood MN 55331
4 beds, 3 baths, 3,020 sqft
6020 Mill St is a 4 beds, 3 baths, 3,020 sqft single family home for sale at $900,000 in Shorewood MN 55331. At 20% down it rents for an estimated $3,050/mo and returns -$3,375/mo a month at a 2.2% 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
- $3,050/mo
- Monthly cash flow
- -$3,375/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.5%
- Max offer
- $363,500
Offer ≤ $363,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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