For saleSingle family
$599,990
7923 Martin Ave NE
Otsego MN 55330
5 beds, 5 baths, 3,156 sqft
7923 Martin Ave NE is a 5 beds, 5 baths, 3,156 sqft single family home for sale at $599,990 in Otsego MN 55330. At 20% down it rents for an estimated $2,850/mo and returns -$1,433/mo a month at a 3.8% 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
- $2,850/mo
- Monthly cash flow
- -$1,433/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.3%
- Max offer
- $338,000
Offer ≤ $338,000 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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