For saleSingle family
$495,990
848 150th Ln NW
Andover MN 55304
4 beds, 2.5 baths, 2,271 sqft
848 150th Ln NW is a 4 beds, 2.5 baths, 2,271 sqft single family home for sale at $495,990 in Andover MN 55304. At 20% down it rents for an estimated $2,500/mo and returns -$1,041/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
- $2,500/mo
- Monthly cash flow
- -$1,041/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.6%
- Max offer
- $296,000
Offer ≤ $296,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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