For saleSingle family
$389,900
290 Emmy Ln
Hanover MN 55341
2 beds, 2 baths, 1,596 sqft
290 Emmy Ln is a 2 beds, 2 baths, 1,596 sqft single family home for sale at $389,900 in Hanover MN 55341. At 20% down it rents for an estimated $2,175/mo and returns -$608/mo a month at a 4.8% 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
- $2,175/mo
- Monthly cash flow
- -$608/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.4%
- Max offer
- $257,500
Offer ≤ $257,500 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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