For saleSingle family
$495,000
8026 Martin Ave NE
Otsego MN 55330
4 beds, 3 baths, 2,391 sqft
8026 Martin Ave NE is a 4 beds, 3 baths, 2,391 sqft single family home for sale at $495,000 in Otsego MN 55330. At 20% down it rents for an estimated $3,000/mo and returns -$534/mo a month at a 5.4% 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
- $3,000/mo
- Monthly cash flow
- -$534/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.5%
- Max offer
- $355,000
Offer ≤ $355,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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