For saleSingle family
$465,900
849 Walnut Grove Ln
Hanover MN 55341
4 beds, 3 baths, 1,891 sqft
849 Walnut Grove Ln is a 4 beds, 3 baths, 1,891 sqft single family home for sale at $465,900 in Hanover MN 55341. At 20% down it rents for an estimated $3,300/mo and returns -$26/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
- $3,300/mo
- Monthly cash flow
- -$26/mo
- Cap rate
- 6.6%
- Cash-on-cash
- -0.3%
- Max offer
- $390,000
Offer ≤ $390,000 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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