For saleTownhouse
$408,390
19939 62nd Pl
Corcoran MN 55340
3 beds, 3 baths, 1,719 sqft
19939 62nd Pl is a 3 beds, 3 baths, 1,719 sqft townhouse home for sale at $408,390 in Corcoran MN 55340. At 20% down it rents for an estimated $2,450/mo and returns -$557/mo a month at a 5.0% 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
- $2,450/mo
- Monthly cash flow
- -$557/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $271,500
Offer ≤ $271,500 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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