For saleSingle family
$389,990
7232 Langley Ave NE
Otsego MN 55301
3 beds, 2 baths, 1,582 sqft
7232 Langley Ave NE is a 3 beds, 2 baths, 1,582 sqft single family home for sale at $389,990 in Otsego MN 55301. At 20% down it rents for an estimated $2,300/mo and returns -$484/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
- $2,300/mo
- Monthly cash flow
- -$484/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.4%
- Max offer
- $272,000
Offer ≤ $272,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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