For saleSingle family
$249,900
840 Mineral Springs Rd NE
Owatonna MN 55060
3 beds, 2 baths, 1,528 sqft
840 Mineral Springs Rd NE is a 3 beds, 2 baths, 1,528 sqft single family home for sale at $249,900 in Owatonna MN 55060. At 20% down it rents for an estimated $1,550/mo and returns -$234/mo a month at a 5.5% 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
- $1,550/mo
- Monthly cash flow
- -$234/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.6%
- Max offer
- $183,000
Offer ≤ $183,000 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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