For saleTownhouse
$413,190
19941 62nd Pl
Corcoran MN 55340
3 beds, 3 baths, 1,777 sqft
19941 62nd Pl is a 3 beds, 3 baths, 1,777 sqft townhouse home for sale at $413,190 in Corcoran MN 55340. At 20% down it rents for an estimated $2,450/mo and returns -$602/mo a month at a 4.9% 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
- -$602/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.7%
- Max offer
- $270,000
Offer ≤ $270,000 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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