For saleSingle family
$615,000
11624 5th St NE
Hanover MN 55341
5 beds, 3.5 baths, 3,140 sqft
11624 5th St NE is a 5 beds, 3.5 baths, 3,140 sqft single family home for sale at $615,000 in Hanover MN 55341. At 20% down it rents for an estimated $3,150/mo and returns -$1,240/mo a month at a 4.2% 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
- $3,150/mo
- Monthly cash flow
- -$1,240/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.1%
- Max offer
- $373,000
Offer ≤ $373,000 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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