For saleSingle family
$424,990
516 Emmy Ln
Hanover MN 55341
5 beds, 3 baths, 2,281 sqft
516 Emmy Ln is a 5 beds, 3 baths, 2,281 sqft single family home for sale at $424,990 in Hanover MN 55341. At 20% down it rents for an estimated $3,150/mo and returns $116/mo a month at a 7.0% 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
- $3,150/mo
- Monthly cash flow
- $116/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.6%
- Max offer
- $372,000
Offer ≤ $372,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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