For saleSingle family
$454,900
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 $454,900 in Hanover MN 55341. At 20% down it rents for an estimated $3,150/mo and returns -$41/mo a month at a 6.4% 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
- $3,150/mo
- Monthly cash flow
- -$41/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -0.5%
- Max offer
- $377,500
Offer ≤ $377,500 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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