For saleSingle family
$449,990
656 E 2nd St
Waconia MN 55387
5 beds, 2 baths, 2,097 sqft
656 E 2nd St is a 5 beds, 2 baths, 2,097 sqft single family home for sale at $449,990 in Waconia MN 55387. At 20% down it rents for an estimated $2,800/mo and returns -$412/mo a month at a 5.6% 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
- $2,800/mo
- Monthly cash flow
- -$412/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.5%
- Max offer
- $331,000
Offer ≤ $331,000 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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