For saleTownhouse
$264,900
2022 Apple Ln
Montrose MN 55363
4 beds, 3 baths, 1,709 sqft
2022 Apple Ln is a 4 beds, 3 baths, 1,709 sqft townhouse home for sale at $264,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,250/mo and returns $231/mo a month at a 7.7% 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
- $2,250/mo
- Monthly cash flow
- $231/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $249,500
Offer ≤ $249,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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