For saleSingle family
$431,900
685 Aspen Ln
Montrose MN 55363
3 beds, 2.5 baths, 1,623 sqft
685 Aspen Ln is a 3 beds, 2.5 baths, 1,623 sqft single family home for sale at $431,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,000/mo and returns -$1,083/mo a month at a 3.7% 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
- $2,000/mo
- Monthly cash flow
- -$1,083/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -15.0%
- Max offer
- $237,000
Offer ≤ $237,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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