For saleTownhouse
$329,900
8837 Riverstone Ave NE
Monticello MN 55362
3 beds, 2.5 baths, 1,709 sqft
8837 Riverstone Ave NE is a 3 beds, 2.5 baths, 1,709 sqft townhouse home for sale at $329,900 in Monticello MN 55362. At 20% down it rents for an estimated $2,075/mo and returns -$411/mo a month at a 5.2% 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
- $2,075/mo
- Monthly cash flow
- -$411/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.5%
- Max offer
- $224,000
Offer ≤ $224,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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