For saleTownhouse
$274,900
2016 Apple Ln
Montrose MN 55363
4 beds, 2.5 baths, 1,709 sqft
2016 Apple Ln is a 4 beds, 2.5 baths, 1,709 sqft townhouse home for sale at $274,900 in Montrose MN 55363. At 20% down it rents for an estimated $2,400/mo and returns $349/mo a month at a 8.0% 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
- $2,400/mo
- Monthly cash flow
- $349/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $272,500
Offer ≤ $272,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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