For saleSingle family
$449,900
813 Walnut Grove Ln
Hanover MN 55341
5 beds, 3 baths, 2,251 sqft
813 Walnut Grove Ln is a 5 beds, 3 baths, 2,251 sqft single family home for sale at $449,900 in Hanover MN 55341. At 20% down it rents for an estimated $3,225/mo and returns $13/mo a month at a 6.7% 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
- $3,225/mo
- Monthly cash flow
- $13/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.2%
- Max offer
- $381,000
Offer ≤ $381,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading