For saleSingle family
$469,900
4602 89th St NE
Monticello MN 55362
4 beds, 3.5 baths, 2,289 sqft
4602 89th St NE is a 4 beds, 3.5 baths, 2,289 sqft single family home for sale at $469,900 in Monticello MN 55362. At 20% down it rents for an estimated $2,350/mo and returns -$1,005/mo a month at a 4.1% 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
- $2,350/mo
- Monthly cash flow
- -$1,005/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $278,500
Offer ≤ $278,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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