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 $2,250/mo and returns $165/mo a month at a 7.4% 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
- $2,250/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.6%
- Max offer
- $249,500
Offer ≤ $249,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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