For saleTownhouse
$259,900
2018 Apple Ln
Montrose MN 55363
3 beds, 2.5 baths, 1,709 sqft
2018 Apple Ln is a 3 beds, 2.5 baths, 1,709 sqft townhouse home for sale at $259,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,100/mo and returns $147/mo a month at a 7.2% 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
- $2,100/mo
- Monthly cash flow
- $147/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.4%
- Max offer
- $234,500
Offer ≤ $234,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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