For saleSingle family
$499,900
10508 Kalen Dr NE
Hanover MN 55341
2 beds, 2 baths, 1,420 sqft
10508 Kalen Dr NE is a 2 beds, 2 baths, 1,420 sqft single family home for sale at $499,900 in Hanover MN 55341. At 20% down it rents for an estimated $2,175/mo and returns -$1,394/mo a month at a 3.3% 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
- $2,175/mo
- Monthly cash flow
- -$1,394/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.7%
- Max offer
- $258,000
Offer ≤ $258,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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