For saleSingle family
$501,435
9686 Jasmine Ave NE
Hanover MN 55341
4 beds, 2 baths, 2,272 sqft
9686 Jasmine Ave NE is a 4 beds, 2 baths, 2,272 sqft single family home for sale at $501,435 in Hanover MN 55341. At 20% down it rents for an estimated $3,300/mo and returns -$280/mo a month at a 6.0% 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
- $3,300/mo
- Monthly cash flow
- -$280/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.3%
- Max offer
- $390,000
Offer ≤ $390,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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